Looking to diversify beyond SMARX? The mutual funds below have the lowest correlation with SMARX — 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 SMARX.
Best Diversifiers for SMARX
3 mutual funds have low correlation with SMARX (below 0.3), 1 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.04, up from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.04 | -0.14 | -0.32 | 51 | Systematic Trend | SMARX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.00 | 0.01 | 0.00 | 96 | Equity Market Neutral | SMARX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.29 | 0.20 | 0.23 | 59 | Large Cap Growth Equities | SMARX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.36 | 0.26 | 0.25 | 65 | S&P 500 | SMARX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.36 | 0.28 | 0.26 | 64 | Large Cap Blend Equities | SMARX vs VTCLX |
See all 13 diversifiers for SMARX
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