Looking to diversify beyond SHXPX? The mutual funds below have historically moved differently from SHXPX, 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 SHXPX
41 mutual funds have low correlation with SHXPX (below 0.3), 21 of which are negatively correlated. The least correlated is Fidelity Advisor Stock Selector Large Cap Value Fund Class Z (FSCZX) (Large Cap Value Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Stock Selector Large Cap Value Fu... | -0.15 | -0.15 | -0.15 | 88 | Large Cap Value Equities | SHXPX vs FSCZX | |
| Cambiar Opportunity Portfolio | -0.15 | -0.15 | -0.15 | 79 | Large Cap Value Equities | SHXPX vs CAMOX | |
| T. Rowe Price QM U.S. Value Equity Fund | -0.12 | -0.12 | -0.12 | 93 | Large Cap Value Equities | SHXPX vs TQVIX | |
| Eaton Vance Tax Managed Value Fund | -0.12 | -0.12 | -0.12 | 91 | Large Cap Value Equities | SHXPX vs EATVX | |
| Transamerica Large Cap Value Fund | -0.10 | -0.10 | -0.10 | 90 | Large Cap Value Equities | SHXPX vs TWQZX |
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