Looking to diversify beyond SMCWX? The mutual funds below have historically moved differently from SMCWX, 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 SMCWX
1 mutual funds have low correlation with SMCWX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Short-Term Bond Fund of America (ASBAX) (Short-Term Bond) with a 1Y correlation of 0.27, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Short-Term Bond Fund of America | 0.27 | 0.14 | 0.15 | 66 | Short-Term Bond | SMCWX vs ASBAX | |
| AMG Yacktman Special Opportunities Fund | 0.53 | 0.58 | 0.66 | 55 | Foreign Small & Mid Cap Equities | SMCWX vs YASLX | |
| Kopernik Global All-Cap Fund | 0.57 | 0.47 | 0.55 | 66 | Foreign Small & Mid Cap Equities | SMCWX vs KGGIX | |
| Kopernik Global All-Cap Fund Class A | 0.57 | 0.47 | 0.55 | 65 | Foreign Small & Mid Cap Equities | SMCWX vs KGGAX | |
| American Funds The Income Fund of America Class A | 0.65 | 0.77 | 0.79 | 81 | Diversified Portfolio, Dividend | SMCWX vs AMECX |
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