Looking to diversify beyond SMIDX? The mutual funds below have historically moved differently from SMIDX, 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 SMIDX
1 mutual funds have low correlation with SMIDX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.02, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.02 | 0.24 | 0.17 | 85 | Tactical Allocation | SMIDX vs PBAIX | |
| Donoghue Forlines Dividend Fund | 0.35 | 0.53 | 0.59 | 91 | Tactical Allocation | SMIDX vs PWDIX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 0.49 | 0.52 | 0.56 | 94 | Tactical Allocation | SMIDX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.50 | 0.36 | 0.46 | 72 | Tactical Allocation | SMIDX vs TTIFX | |
| AQR Diversifying Strategies Fund Class N | 0.51 | 0.39 | 0.21 | 92 | Tactical Allocation | SMIDX vs QDSNX |
To view more results, upgrade your current subscription plan.
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