Looking to diversify beyond SMTSX? The mutual funds below have the lowest correlation with SMTSX — 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 SMTSX.
Best Diversifiers for SMTSX
0 mutual funds have low correlation with SMTSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.31 | 0.32 | 0.37 | 80 | Multisector Bonds | SMTSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.74 | 0.74 | 0.81 | 65 | Large Cap Value Equities, Dividend | SMTSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.76 | 0.79 | 0.75 | 83 | Target Retirement Date | SMTSX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.77 | 0.73 | 72 | Target Retirement Date | SMTSX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.78 | 0.77 | 75 | Target Retirement Date | SMTSX vs FRQHX |
See all 40 diversifiers for SMTSX
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