Looking to diversify beyond SMSNX? The mutual funds below have historically moved differently from SMSNX, 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 SMSNX
0 mutual funds have low correlation with SMSNX (below 0.3), 0 of which are negatively correlated. The least correlated is The Hartford Equity Income Fund (HQIYX) (Dividend) with a 1Y correlation of 0.37, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Hartford Equity Income Fund | 0.37 | 0.35 | 0.36 | 77 | Dividend, Large Cap Value Equities | SMSNX vs HQIYX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.47 | 0.41 | 0.45 | 57 | Emerging Markets Bonds | SMSNX vs EDD | |
| Hartford Municipal Opportunities Fund | 0.47 | 0.49 | 0.46 | 63 | Municipal Bonds | SMSNX vs HHMIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.50 | 0.56 | 0.59 | 98 | Emerging Markets Bonds | SMSNX vs DBLLX | |
| The Hartford Dividend and Growth Fund | 0.50 | 0.39 | 0.40 | 88 | Large Cap Value Equities | SMSNX vs HDGYX |
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