Looking to diversify beyond SISEX? The mutual funds below have historically moved differently from SISEX, 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 SISEX
3 mutual funds have low correlation with SISEX (below 0.3), 0 of which are negatively correlated. The least correlated is Green California Tax-Free Income Fund (CFNTX) (Municipal Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Green California Tax-Free Income Fund | 0.26 | 0.20 | 0.20 | 67 | Municipal Bonds | SISEX vs CFNTX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.28 | 0.51 | 0.61 | 61 | Foreign Large Cap Equities | SISEX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.29 | 0.51 | 0.61 | 61 | Foreign Large Cap Equities | SISEX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.34 | 0.55 | 0.62 | 71 | Quality Factor, Foreign Large Cap Equities | SISEX vs GQJPX | |
| Shelton Tactical Credit Fund | 0.35 | 0.35 | 0.37 | 65 | Nontraditional Bonds | SISEX vs DEBTX |
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