Looking to diversify beyond SMGAX? The mutual funds below have the lowest correlation with SMGAX — 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 SMGAX.
Best Diversifiers for SMGAX
4 mutual funds have low correlation with SMGAX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.00, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.18 | 0.46 | 64 | Diversified Portfolio | SMGAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.16 | 0.19 | 0.22 | 100 | Ultrashort Bond | SMGAX vs ENIAX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.28 | 0.24 | 0.19 | 54 | Municipal Bonds | SMGAX vs SBDAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.28 | 0.23 | 0.19 | 67 | Municipal Bonds | SMGAX vs SEIMX | |
| SEI Institutional International Trust Emerging Mar... | 0.33 | 0.37 | 0.43 | 91 | Emerging Markets Diversified | SMGAX vs SIEMX |
See all 28 diversifiers for SMGAX
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