Looking to diversify beyond SMLPX? The mutual funds below have the lowest correlation with SMLPX — 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 SMLPX.
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 U.S. Global Investors Global Resources Fund (PSPFX) (Energy Equities) with a 1Y correlation of 0.27, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.27 | 0.48 | 0.62 | 85 | Energy Equities | SMLPX vs PSPFX | |
| Delaware Ivy Energy Fund | 0.28 | 0.50 | 0.69 | 96 | Energy Equities | SMLPX vs IEYYX | |
| Victory Global Energy Transition Fund Class Y | 0.28 | 0.52 | 0.65 | 97 | Energy Equities | SMLPX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.28 | 0.52 | 0.65 | 97 | Energy Equities | SMLPX vs RSNRX | |
| Goehring & Rozencwajg Resources Fund | 0.37 | 0.57 | 0.72 | 82 | Energy Equities | SMLPX vs GRHIX |
See all 24 diversifiers for SMLPX
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