Looking to diversify beyond SMVTX? The mutual funds below have historically moved differently from SMVTX, 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 SMVTX
3 mutual funds have low correlation with SMVTX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of 0.06, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.06 | 0.13 | 0.19 | 72 | Commodities | SMVTX vs MCSFX | |
| Virtus Seix Floating Rate High Income Fund | 0.12 | 0.22 | 0.26 | 97 | Bank Loan | SMVTX vs SAMBX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.24 | 0.27 | 0.26 | 87 | Bank Loan | SMVTX vs PSFIX | |
| The Merger Fund | 0.30 | 0.33 | 0.40 | 97 | Event Driven | SMVTX vs MERFX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.38 | 0.56 | 0.67 | 66 | REIT | SMVTX vs PHRAX |
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