Looking to diversify beyond SHDPX? The mutual funds below have the lowest correlation with SHDPX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SHDPX.
Best Diversifiers for SHDPX
1 mutual funds have low correlation with SHDPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon Tocqueville International Value Fund (TIVFX) (Foreign Large Cap Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Tocqueville International Value Fu... | 0.18 | 0.18 | 0.18 | 90 | Foreign Large Cap Equities | SHDPX vs TIVFX | |
| Fidelity Advisor Small Cap Value Fund Class A | 0.37 | 0.37 | 0.37 | 70 | Small Cap Value Equities | SHDPX vs FCVAX | |
| Heartland Value Plus Fund | 0.41 | 0.41 | 0.41 | 59 | Small Cap Value Equities | SHDPX vs HRVIX | |
| Vericimetry U.S. Small Cap Value Fund | 0.46 | 0.46 | 0.46 | 75 | Small Cap Value Equities | SHDPX vs VYSVX | |
| PIMCO RAE PLUS Small Fund | 0.49 | 0.49 | 0.49 | 71 | Small Cap Value Equities | SHDPX vs PCFIX |
Diversification Analysis
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