Looking to diversify beyond SHRIX? The mutual funds below have historically moved differently from SHRIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SHRIX
53 mutual funds have low correlation with SHRIX (below 0.3), 2 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.15, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.15 | -0.04 | -0.04 | 92 | Multistrategy | SHRIX vs GAAVX | |
| FS Credit Income Fund Class I | -0.05 | 0.01 | 0.06 | 97 | Multistrategy | SHRIX vs FCRIX | |
| NexPoint Merger Arbitrage Fund | 0.00 | 0.05 | 0.04 | 99 | Event Driven | SHRIX vs HMEZX | |
| Morningstar Alternatives Fund | 0.02 | 0.03 | 0.02 | 85 | Multistrategy | SHRIX vs MSTVX | |
| Destinations Multi Strategy Alternatives Fund | 0.02 | 0.08 | 0.06 | 67 | Multistrategy | SHRIX vs DMSFX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHRIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.00, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.00 | -0.01 | -0.02 | 61 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.12 | — | — | 62 | Technology | |
| General American Investors Company, Inc. | 0.14 | 0.07 | 0.04 | 94 | Financial Services |
Build a portfolio that complements SHRIX
Add SHRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SHRIX