Looking to diversify beyond SMIDX? The mutual funds below have the lowest correlation with SMIDX — 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 SMIDX.
Best Diversifiers for SMIDX
1 mutual funds have low correlation with SMIDX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.22 | 0.16 | 81 | Tactical Allocation | SMIDX vs PBAIX | |
| AQR Diversifying Strategies Fund Class N | 0.46 | 0.37 | 0.21 | 91 | Tactical Allocation | SMIDX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.52 | 0.66 | 0.55 | 80 | Tactical Allocation | SMIDX vs QEVOX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 0.59 | 0.56 | 0.57 | 87 | Tactical Allocation | SMIDX vs SIOAX | |
| Quantified STF Fund | 0.59 | 0.66 | 0.53 | 61 | Tactical Allocation | SMIDX vs QSTFX |
See all 25 diversifiers for SMIDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SMIDX
Add SMIDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMIDX