Looking to diversify beyond SMVTX? The mutual funds below have the lowest correlation with SMVTX — 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 SMVTX.
Best Diversifiers for SMVTX
2 mutual funds have low correlation with SMVTX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.07 | 0.23 | 0.26 | 97 | Bank Loan | SMVTX vs SAMBX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.26 | 0.28 | 0.26 | 88 | Bank Loan | SMVTX vs PSFIX | |
| The Merger Fund | 0.30 | 0.33 | 0.40 | 97 | Event Driven | SMVTX vs MERFX | |
| Baron Emerging Markets Fund | 0.56 | 0.57 | 0.59 | 52 | Emerging Markets Diversified | SMVTX vs BEXIX | |
| Invesco Developing Markets Fund | 0.61 | 0.60 | 0.61 | 74 | Emerging Markets Diversified | SMVTX vs ODMAX |
See all 57 diversifiers for SMVTX
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