Looking to diversify beyond SNGVX? The mutual funds below have historically moved differently from SNGVX, 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 SNGVX
5 mutual funds have low correlation with SNGVX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.11 | 0.07 | 0.06 | 99 | Government Bonds | SNGVX vs GUSTX | |
| Sit Small Cap Dividend Growth Fund | 0.20 | 0.16 | 0.10 | 68 | Small Cap Blend Equities | SNGVX vs SSCDX | |
| Federated Hermes Adjustable Rate Fund | 0.21 | 0.46 | 0.45 | 99 | Government Bonds | SNGVX vs FEUGX | |
| SIT Developing Markets Growth Fund | 0.26 | 0.12 | 0.08 | 55 | Emerging Markets Equities | SNGVX vs SDMGX | |
| SIT Dividend Growth Fund | 0.28 | 0.17 | 0.11 | 73 | Large Cap Blend Equities | SNGVX vs SDVGX |
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