Looking to diversify beyond SLLAX? The mutual funds below have historically moved differently from SLLAX, 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 SLLAX
0 mutual funds have low correlation with SLLAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.33, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.33 | 0.16 | 0.08 | 98 | Equity Market Neutral | SLLAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.35 | 0.27 | 0.14 | 67 | Systematic Trend | SLLAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.63 | 0.65 | 0.70 | 66 | Derivative Income | SLLAX vs BDJ | |
| Auer Growth Fund | 0.72 | 0.78 | 0.83 | 90 | Small Cap Blend Equities | SLLAX vs AUERX | |
| iShares S&P 500 Index Fund Class K | 0.75 | 0.76 | 0.81 | 59 | S&P 500 | SLLAX vs WFSPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLLAX, 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. | 0.47 | 0.56 | 0.66 | 89 |
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