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
27 mutual funds have low correlation with SHXPX (below 0.3), 17 of which are negatively correlated. The least correlated is T. Rowe Price Value Fund Class I (TRPIX) (Large Cap Value 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 |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Value Fund Class I | -0.18 | -0.18 | -0.18 | 81 | Large Cap Value Equities | SHXPX vs TRPIX | |
| AB Value Fund | -0.17 | -0.17 | -0.17 | 94 | Large Cap Value Equities | SHXPX vs ABVYX | |
| Federated Hermes MDT Large Cap Value Fund | -0.16 | -0.16 | -0.16 | 94 | Large Cap Value Equities | SHXPX vs FSTKX | |
| BrandywineGLOBAL - Diversified US Large Cap Value ... | -0.16 | -0.16 | -0.16 | 87 | Large Cap Value Equities | SHXPX vs LBWIX | |
| Fidelity Series Stock Selector Large Cap Value Fun... | -0.15 | -0.15 | -0.15 | 82 | Large Cap Value Equities | SHXPX vs FBLEX |
See all 27 diversifiers for SHXPX
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