Looking to diversify beyond SNGRX? The mutual funds below have the lowest correlation with SNGRX — 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 SNGRX.
Best Diversifiers for SNGRX
0 mutual funds have low correlation with SNGRX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Minnesota Tax Free Income Fund (SMTFX) (Municipal Bonds) with a 1Y correlation of 0.32, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Minnesota Tax Free Income Fund | 0.32 | 0.16 | 0.16 | 88 | Municipal Bonds | SNGRX vs SMTFX | |
| Sit Quality Income Fund | 0.32 | 0.21 | 0.18 | 58 | Ultrashort Bond | SNGRX vs SQIFX | |
| SIT Tax Free Income Fund | 0.33 | 0.19 | 0.20 | 90 | Municipal Bonds | SNGRX vs SNTIX | |
| Federated Hermes International Strategic Value Div... | 0.38 | 0.50 | 0.62 | 61 | Foreign Large Cap Equities | SNGRX vs IVFIX | |
| SA International Value Fund | 0.57 | 0.58 | 0.66 | 89 | Foreign Large Cap Equities | SNGRX vs SAHMX |
See all 19 diversifiers for SNGRX
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