Looking to diversify beyond SLLAX? The mutual funds below have the lowest correlation with SLLAX — 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 SLLAX.
Best Diversifiers for SLLAX
0 mutual funds have low correlation with SLLAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.31, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.15 | 0.08 | 96 | Long-Short | SLLAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.26 | 0.15 | 64 | Systematic Trend | SLLAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.53 | 0.58 | 0.67 | 69 | Technology Equities | SLLAX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.63 | 0.64 | 0.70 | 71 | Large Cap Growth Equities | SLLAX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.76 | 0.77 | 0.81 | 65 | S&P 500 | SLLAX vs WFSPX |
See all 34 diversifiers for SLLAX
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