Looking to diversify beyond SIFAX? The mutual funds below have historically moved differently from SIFAX, 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 SIFAX
266 mutual funds have low correlation with SIFAX (below 0.3), 228 of which are negatively correlated. The least correlated is Fidelity Balanced Fund Class K (FBAKX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Balanced Fund Class K | -0.31 | -0.11 | 0.04 | 80 | Diversified Portfolio | SIFAX vs FBAKX | |
| Fidelity Balanced Fund | -0.31 | -0.11 | 0.05 | 80 | Diversified Portfolio | SIFAX vs FBALX | |
| USAA Growth and Tax Strategy Fund | -0.31 | -0.12 | 0.04 | 76 | Diversified Portfolio | SIFAX vs USBLX | |
| Fidelity Balanced K6 Fund | -0.31 | -0.11 | 0.05 | 80 | Diversified Portfolio | SIFAX vs FBKFX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.30 | -0.11 | 0.04 | 67 | Diversified Portfolio, Municipal Bonds | SIFAX vs VTMFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SIFAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | -0.32 | -0.13 | 0.03 | 89 |
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