Looking to diversify beyond SLVRX? The mutual funds below have the lowest correlation with SLVRX — 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 SLVRX.
Best Diversifiers for SLVRX
0 mutual funds have low correlation with SLVRX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.47, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.47 | 0.61 | 0.71 | 78 | Large Cap Value Equities | SLVRX vs SVAIX | |
| Columbia Global Technology Growth Fund Class A | 0.53 | 0.50 | 0.58 | 76 | Technology Equities, Large Cap Growth Equities | SLVRX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.54 | 0.50 | 0.58 | 77 | Technology Equities | SLVRX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.61 | 0.60 | 0.66 | 96 | Technology Equities | SLVRX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.61 | 0.60 | 0.67 | 96 | Technology Equities | SLVRX vs SHGTX |
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