Looking to diversify beyond SLMMX? The mutual funds below have historically moved differently from SLMMX, 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 SLMMX
13 mutual funds have low correlation with SLMMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.21, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.27 | 0.37 | 100 | Municipal Bonds | SLMMX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.39 | 98 | Municipal Bonds | SLMMX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.32 | 0.40 | 99 | Municipal Bonds | SLMMX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.23 | 0.33 | 0.24 | 93 | Diversified Portfolio | SLMMX vs FRIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.30 | — | 100 | Municipal Bonds | SLMMX vs DFABX |
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