Looking to diversify beyond SHPAX? The mutual funds below have the lowest correlation with SHPAX — 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 SHPAX.
Best Diversifiers for SHPAX
1 mutual funds have low correlation with SHPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.04 | 0.09 | 0.06 | 91 | Ultrashort Bond | SHPAX vs SMBPX | |
| Saratoga Mid Capitalization Portfolio | 0.35 | 0.47 | 0.58 | 54 | Mid Cap Blend Equities | SHPAX vs SPMAX | |
| Saratoga Small Capitalization Portfolio | 0.37 | 0.45 | 0.52 | 59 | Small Cap Growth Equities | SHPAX vs SSCPX | |
| Eventide Healthcare & Life Sciences Fund | 0.44 | 0.49 | 0.52 | 69 | Health & Biotech Equities | SHPAX vs ETIHX | |
| abrdn World Healthcare Fund | 0.53 | 0.53 | 0.59 | 61 | Health & Biotech Equities | SHPAX vs THW |
See all 18 diversifiers for SHPAX
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