Looking to diversify beyond SIUSX? The mutual funds below have historically moved differently from SIUSX, 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 SIUSX
3 mutual funds have low correlation with SIUSX (below 0.3), 1 of which are negatively correlated. The least correlated is Guggenheim Managed Futures Strategy Fund (RYMTX) (Systematic Trend) with a 1Y correlation of -0.03, up from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | -0.03 | -0.11 | -0.27 | 56 | Systematic Trend | SIUSX vs RYMTX | |
| Guggenheim StylePlus - Large Core Fund | 0.29 | 0.21 | 0.16 | 54 | Large Cap Blend Equities | SIUSX vs SECEX | |
| Guggenheim Directional Allocation Fund | 0.30 | 0.21 | 0.13 | 57 | Large Cap Growth Equities | SIUSX vs TVRIX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.67 | 0.68 | 0.60 | 65 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | SIUSX vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.71 | 0.73 | 0.70 | 64 | Intermediate Core Bond | SIUSX vs STWTX |
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