Looking to diversify beyond SMRSX? The mutual funds below have the lowest correlation with SMRSX — 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 SMRSX.
Best Diversifiers for SMRSX
6 mutual funds have low correlation with SMRSX (below 0.3), 1 of which are negatively correlated. The least correlated is ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) (Commodities) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/CoreCommodity Management CompleteCommoditiesS... | -0.10 | 0.02 | 0.06 | 58 | Commodities | SMRSX vs JCRAX | |
| Leader Short Term High Yield Bond Fund | 0.07 | 0.06 | 0.16 | 79 | Short-Term Bond | SMRSX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.10 | 0.05 | 0.36 | 68 | Short-Term Bond | SMRSX vs DFCFX | |
| GuidepathConservative Income Fund | 0.26 | 0.39 | 0.42 | 99 | Short-Term Bond | SMRSX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.28 | 0.59 | 0.62 | 57 | Short-Term Bond | SMRSX vs GPARX |
See all 20 diversifiers for SMRSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SMRSX
Add SMRSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMRSX