Looking to diversify beyond SIFAX? The mutual funds below have the lowest correlation with SIFAX — 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 SIFAX.
Best Diversifiers for SIFAX
274 mutual funds have low correlation with SIFAX (below 0.3), 245 of which are negatively correlated. The least correlated is Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) (Large Cap Growth Equities) with a 1Y correlation of -0.30, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | -0.30 | -0.17 | -0.05 | 71 | Large Cap Growth Equities | SIFAX vs NASDX | |
| BlackRock Technology Opportunities Fund Investor A | -0.29 | -0.17 | -0.06 | 69 | Technology Equities | SIFAX vs BGSAX | |
| Calamos Growth and Income Fund | -0.28 | -0.11 | 0.05 | 66 | Diversified Portfolio | SIFAX vs CVTRX | |
| Fidelity Balanced K6 Fund | -0.27 | -0.07 | 0.07 | 86 | Diversified Portfolio | SIFAX vs FBKFX | |
| USAA Growth and Tax Strategy Fund | -0.27 | -0.08 | 0.06 | 83 | Diversified Portfolio | SIFAX vs USBLX |
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