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Sound Mind Investing Fund (SMIFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The SMI Fund seeks to achieve its objective by investing in a diversified portfolio of other investment companies using a "Stock Upgrading" strategy. This strategy is a systematic investment approach that is based on the belief of SMI Advisory Services, LLC ("Advisor"), the SMI Fund's adviser, that superior returns can be obtained by constantly monitoring the performance of a wide universe of other investment companies, and standing ready to move assets into funds deemed by the Advisor to be most attractive at the time of analysis.

Looking to diversify beyond SMIFX? The mutual funds below have the lowest correlation with SMIFX — 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 SMIFX.

Best Diversifiers for SMIFX

1 mutual funds have low correlation with SMIFX (below 0.3), 0 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 0.01, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.010.140.41
67
Diversified PortfolioSMIFX vs MHELX
CAPAX
Federated Hermes Capital Income Fund0.320.520.63
83
Diversified PortfolioSMIFX vs CAPAX
HBFBX
Hennessy Balanced Fund0.330.430.53
65
Diversified PortfolioSMIFX vs HBFBX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.400.380.38
99
Diversified PortfolioSMIFX vs STDAX
PMAIX
Pioneer Multi-Asset Income Fund A0.510.450.52
80
Diversified Portfolio, DividendSMIFX vs PMAIX
See all 370 diversifiers for SMIFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SMIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMIFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.34, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.340.450.50
88
Technology

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