Looking to diversify beyond SLGAX? The mutual funds below have historically moved differently from SLGAX, 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 SLGAX
0 mutual funds have low correlation with SLGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.37, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.37 | 0.29 | 0.13 | 63 | Systematic Trend | SLGAX vs ASFYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.37 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | SLGAX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.37 | 0.21 | 0.13 | 98 | Equity Market Neutral | SLGAX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.38 | 0.21 | 0.13 | 98 | Equity Market Neutral | SLGAX vs BDMIX | |
| North Square Preferred and Income Securities Fund | 0.54 | 0.36 | 0.42 | 57 | Preferred Stock | SLGAX vs ORDNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLGAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.59 | 0.67 | 0.75 | 88 |
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