Looking to diversify beyond SNDPX? The mutual funds below have the lowest correlation with SNDPX — 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 SNDPX.
Best Diversifiers for SNDPX
10 mutual funds have low correlation with SNDPX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.08 | 0.08 | 0.09 | 99 | Municipal Bonds | SNDPX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.11 | 0.27 | 0.38 | 99 | Municipal Bonds | SNDPX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.12 | 0.13 | 0.11 | 99 | Municipal Bonds | SNDPX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.15 | 0.15 | 0.16 | 99 | Municipal Bonds | SNDPX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.19 | 0.10 | 0.21 | 98 | Municipal Bonds | SNDPX vs APUSX |
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