Looking to diversify beyond SHXPX? The mutual funds below have the lowest correlation with SHXPX — 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 SHXPX.
Best Diversifiers for SHXPX
47 mutual funds have low correlation with SHXPX (below 0.3), 42 of which are negatively correlated. The least correlated is Nuveen Dividend Value Fund (FFEIX) (Large Cap Value Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Dividend Value Fund | -0.29 | -0.29 | -0.29 | 73 | Large Cap Value Equities | SHXPX vs FFEIX | |
| Cambiar Opportunity Portfolio | -0.24 | -0.24 | -0.24 | 54 | Large Cap Value Equities | SHXPX vs CAMOX | |
| Commerce Value Fund | -0.22 | -0.22 | -0.22 | 72 | Large Cap Value Equities | SHXPX vs CFVLX | |
| Transamerica Sustainable Equity Income Fund | -0.22 | -0.22 | -0.22 | 66 | Large Cap Value Equities | SHXPX vs TRDIX | |
| Columbia Dividend Income Fund Class A | -0.22 | -0.22 | -0.22 | 77 | Large Cap Value Equities | SHXPX vs LBSAX |
See all 47 diversifiers for SHXPX
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