Looking to diversify beyond SMSAX? The mutual funds below have historically moved differently from SMSAX, 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 SMSAX
25 mutual funds have low correlation with SMSAX (below 0.3), 5 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.24, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.24 | -0.20 | -0.16 | 89 | Multistrategy | SMSAX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.24 | -0.20 | -0.16 | 89 | Multistrategy | SMSAX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.23 | -0.19 | -0.16 | 88 | Multistrategy | SMSAX vs QSPNX | |
| SEI Multi-Asset Real Return Fund Class A | -0.12 | 0.08 | 0.16 | 86 | Inflation-Protected Bonds | SMSAX vs SEIAX | |
| GMO Alternative Allocation Fund | -0.03 | 0.20 | 0.24 | 92 | Multistrategy | SMSAX vs GAAVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SMSAX
Add SMSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMSAX