Looking to diversify beyond SIVIX? The mutual funds below have historically moved differently from SIVIX, 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 SIVIX
1 mutual funds have low correlation with SIVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Elfun Tax Exempt Income Fund (ELFTX) (Municipal Bonds) with a 1Y correlation of 0.26, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.26 | 0.15 | 0.11 | 79 | Municipal Bonds | SIVIX vs ELFTX | |
| State Street S&P 500 Index Fund Class N | 0.54 | 0.63 | 0.75 | 75 | Large Cap Blend Equities | SIVIX vs SVSPX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.56 | 0.58 | 0.63 | 72 | Foreign Large Cap Equities | SIVIX vs SSGJX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | 0.56 | 0.58 | 0.63 | 73 | Foreign Large Cap Equities | SIVIX vs SSGVX | |
| State Street Hedged International Developed Equity... | 0.59 | 0.61 | 0.66 | 86 | Foreign Large Cap Equities | SIVIX vs SSHQX |
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