Looking to diversify beyond SMMOX? The mutual funds below have the lowest correlation with SMMOX — 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 SMMOX.
Best Diversifiers for SMMOX
9 mutual funds have low correlation with SMMOX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.20, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.26 | 0.34 | 100 | Municipal Bonds | SMMOX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.27 | — | 100 | Municipal Bonds | SMMOX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.31 | 0.37 | 99 | Municipal Bonds | SMMOX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.20 | 0.15 | 99 | Municipal Bonds | SMMOX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.24 | 0.22 | 99 | Municipal Bonds | SMMOX vs TFCYX |
See all 17 diversifiers for SMMOX
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