Looking to diversify beyond SLMMX? The mutual funds below have the lowest correlation with SLMMX — 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 SLMMX.
Best Diversifiers for SLMMX
11 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 0.16, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.27 | 0.37 | 99 | Municipal Bonds | SLMMX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.30 | 0.40 | 99 | Municipal Bonds | SLMMX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.33 | 0.24 | 89 | Diversified Portfolio | SLMMX vs FRIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.30 | — | 100 | Municipal Bonds | SLMMX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.32 | 0.38 | 99 | Municipal Bonds | SLMMX vs USMSX |
See all 20 diversifiers for SLMMX
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