Looking to diversify beyond SKSEX? The mutual funds below have the lowest correlation with SKSEX — 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 SKSEX.
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 0.19, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.19 | 0.13 | 0.08 | 72 | High Yield Muni | SKSEX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.25 | 0.16 | 0.10 | 65 | Municipal Bonds | SKSEX vs GWMIX | |
| AMG Yacktman Focused Fund | 0.42 | 0.61 | 0.72 | 86 | Large Cap Value Equities | SKSEX vs YAFFX | |
| AMG Veritas Asia Pacific Fund | 0.44 | 0.46 | 0.51 | 82 | Asia Pacific Equities | SKSEX vs MGSEX | |
| AMG Yacktman Fund | 0.53 | 0.70 | 0.78 | 86 | Large Cap Value Equities | SKSEX vs YACKX |
See all 36 diversifiers for SKSEX
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