Looking to diversify beyond SMMIX? The mutual funds below have the lowest correlation with SMMIX — 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 SMMIX.
Best Diversifiers for SMMIX
0 mutual funds have low correlation with SMMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.42, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.42 | 0.51 | 0.62 | 63 | Large Cap Value Equities | SMMIX vs ACSTX | |
| Baron Partners Fund | 0.44 | 0.57 | 0.68 | 52 | Large Cap Growth Equities | SMMIX vs BPTRX | |
| Invesco Equity and Income Fund | 0.55 | 0.61 | 0.70 | 63 | Diversified Portfolio | SMMIX vs ACEIX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.67 | 0.76 | 80 | Large Cap Growth Equities | SMMIX vs DNVYX | |
| ICON Equity Fund | 0.60 | 0.58 | 0.71 | 85 | Large Cap Growth Equities | SMMIX vs IOLZX |
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