Looking to diversify beyond SMICX? The mutual funds below have the lowest correlation with SMICX — 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 SMICX.
Best Diversifiers for SMICX
2 mutual funds have low correlation with SMICX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.06 | 0.15 | 0.11 | 91 | Ultrashort Bond | SMICX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.52 | 67 | Diversified Portfolio | SMICX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.32 | 0.52 | 0.59 | 87 | Diversified Portfolio | SMICX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.51 | 0.58 | 88 | Diversified Portfolio | SMICX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.58 | 82 | Diversified Portfolio | SMICX vs FCSRX |
See all 26 diversifiers for SMICX
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