Looking to diversify beyond SMTFX? The mutual funds below have historically moved differently from SMTFX, 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 SMTFX
13 mutual funds have low correlation with SMTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Sit Small Cap Dividend Growth Fund (SSCDX) (Small Cap Blend Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sit Small Cap Dividend Growth Fund | 0.18 | 0.08 | 0.10 | 68 | Small Cap Blend Equities | SMTFX vs SSCDX | |
| SIT Dividend Growth Fund | 0.21 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | SMTFX vs SDVGX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.29 | 0.35 | 98 | Municipal Bonds | SMTFX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.25 | 0.32 | 100 | Municipal Bonds | SMTFX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.23 | 0.23 | 0.20 | 99 | Municipal Bonds | SMTFX vs TFCYX |
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