Looking to diversify beyond SKSEX? The mutual funds below have historically moved differently from SKSEX, 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 SKSEX
2 mutual funds have low correlation with SKSEX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG GW&K Municipal Enhanced Yield Fund (GWMEX) (High Yield Muni) with a 1Y correlation of 0.20, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.20 | 0.12 | 0.08 | 77 | High Yield Muni | SKSEX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.25 | 0.16 | 0.10 | 57 | Municipal Bonds | SKSEX vs GWMIX | |
| AMG Yacktman Focused Fund | 0.38 | 0.59 | 0.71 | 89 | Large Cap Value Equities | SKSEX vs YAFFX | |
| Cromwell CenterSquare Real Estate Fund | 0.44 | 0.53 | 0.61 | 56 | REIT | SKSEX vs MRESX | |
| AMG Yacktman Special Opportunities Fund | 0.47 | 0.53 | 0.60 | 55 | Foreign Small & Mid Cap Equities | SKSEX vs YASLX |
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