Looking to diversify beyond SMSAX? The mutual funds below have the lowest correlation with SMSAX — 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 SMSAX.
Best Diversifiers for SMSAX
25 mutual funds have low correlation with SMSAX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.27, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.27 | -0.20 | -0.17 | 52 | Multistrategy | SMSAX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.26 | -0.20 | -0.17 | 52 | Multistrategy | SMSAX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.25 | -0.19 | -0.17 | 51 | Multistrategy | SMSAX vs QSPNX | |
| Symmetry Panoramic Alternatives Fund | -0.03 | -0.08 | -0.03 | 97 | Multistrategy | SMSAX vs SPATX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.02 | 0.06 | 0.04 | 100 | Multistrategy | SMSAX vs SRRIX |
See all 59 diversifiers for SMSAX
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