Looking to diversify beyond SMLPX? The mutual funds below have historically moved differently from SMLPX, 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 SMLPX
4 mutual funds have low correlation with SMLPX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Natural Resources and Infrastructure Fund (ICBMX) (Infrastructure Equities) with a 1Y correlation of 0.26, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Natural Resources and Infrastructure Fund | 0.26 | 0.49 | 0.64 | 80 | Infrastructure Equities, Energy Equities | SMLPX vs ICBMX | |
| Victory Global Energy Transition Fund Class Y | 0.29 | 0.49 | 0.63 | 96 | Energy Equities | SMLPX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.29 | 0.49 | 0.63 | 96 | Energy Equities | SMLPX vs RSNRX | |
| Delaware Ivy Energy Fund | 0.29 | 0.48 | 0.67 | 92 | Energy Equities | SMLPX vs IEYYX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.34 | 0.43 | 0.51 | 83 | Infrastructure Equities, Utilities Equities | SMLPX vs DPG |
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