Looking to diversify beyond SLASX? The mutual funds below have the lowest correlation with SLASX — 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 SLASX.
Best Diversifiers for SLASX
1 mutual funds have low correlation with SLASX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.26, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.09 | 0.06 | 72 | Large Cap Blend Equities | SLASX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.35 | 0.40 | 69 | Large Cap Blend Equities | SLASX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.64 | 0.70 | 0.78 | 62 | Large Cap Blend Equities | SLASX vs RCKSX | |
| CIT: BlackRock Equity Index Fund Class 1 | 0.65 | 0.64 | 0.64 | 78 | Large Cap Blend Equities | SLASX vs WBREOX | |
| Fidelity Leveraged Company Stock Fund Class K | 0.69 | 0.76 | 0.84 | 59 | Large Cap Blend Equities | SLASX vs FLCKX |
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