Looking to diversify beyond SMILX? The mutual funds below have the lowest correlation with SMILX — 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 SMILX.
Best Diversifiers for SMILX
1 mutual funds have low correlation with SMILX (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 0.00, down from 0.41 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 | 0.15 | 0.41 | 67 | Diversified Portfolio | SMILX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.43 | 0.39 | 0.39 | 99 | Diversified Portfolio | SMILX vs STDAX | |
| Concorde Wealth Management Fund | 0.49 | 0.64 | 0.72 | 55 | Diversified Portfolio | SMILX vs CONWX | |
| Pioneer Multi-Asset Income Fund A | 0.52 | 0.48 | 0.55 | 80 | Diversified Portfolio, Dividend | SMILX vs PMAIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.52 | 0.59 | 0.67 | 82 | Diversified Portfolio | SMILX vs FCSRX |
See all 28 diversifiers for SMILX
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