Looking to diversify beyond SMARX? The mutual funds below have historically moved differently from SMARX, 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 SMARX
2 mutual funds have low correlation with SMARX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.09, up from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.09 | -0.15 | -0.32 | 66 | Systematic Trend | SMARX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.00 | 0.01 | 0.00 | 97 | Equity Market Neutral | SMARX vs BDMIX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.38 | 0.27 | 0.27 | 62 | Large Cap Blend Equities | SMARX vs VTCLX | |
| iShares S&P 500 Index Fund Class K | 0.38 | 0.26 | 0.26 | 63 | S&P 500 | SMARX vs WFSPX | |
| BlackRock Enhanced Equity Dividend Trust | 0.39 | 0.28 | 0.24 | 64 | Derivative Income | SMARX vs BDJ |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SMARX
Add SMARX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMARX