Looking to diversify beyond SHRIX? The mutual funds below have the lowest correlation with SHRIX — 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 SHRIX.
Best Diversifiers for SHRIX
43 mutual funds have low correlation with SHRIX (below 0.3), 5 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.12 | -0.04 | -0.03 | 66 | Multistrategy | SHRIX vs GAAVX | |
| FS Credit Income Fund Class I | -0.06 | 0.03 | 0.06 | 96 | Multistrategy | SHRIX vs FCRIX | |
| Vanguard Balanced Index Fund | -0.01 | 0.01 | 0.02 | 75 | Diversified Portfolio | SHRIX vs VBINX | |
| Goldman Sachs Absolute Return Tracker Fund Institu... | -0.01 | 0.00 | 0.01 | 80 | Multistrategy | SHRIX vs GJRTX | |
| Goldman Sachs Absolute Return Tracker Fund | -0.01 | 0.01 | 0.02 | 79 | Multistrategy | SHRIX vs GSRTX |
See all 45 diversifiers for SHRIX
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