Looking to diversify beyond SNGRX? The mutual funds below have historically moved differently from SNGRX, 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 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Minnesota Tax Free Income Fund | 0.32 | 0.17 | 0.16 | 84 | Municipal Bonds | SNGRX vs SMTFX | |
| Sit Quality Income Fund | 0.34 | 0.21 | 0.19 | 63 | Ultrashort Bond | SNGRX vs SQIFX | |
| Federated Hermes International Strategic Value Div... | 0.35 | 0.48 | 0.61 | 88 | Foreign Large Cap Equities | SNGRX vs IVFIX | |
| SIT Tax Free Income Fund | 0.35 | 0.20 | 0.20 | 91 | Municipal Bonds | SNGRX vs SNTIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.36 | 0.65 | 0.73 | 61 | Foreign Large Cap Equities | SNGRX vs GSINX |
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