Looking to diversify beyond SNIDX? The mutual funds below have historically moved differently from SNIDX, 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 SNIDX
0 mutual funds have low correlation with SNIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.34, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.34 | 0.30 | 0.37 | 99 | Intermediate Core-Plus Bond | SNIDX vs HOBIX | |
| AB High Income Fund | 0.42 | 0.50 | 0.49 | 68 | High Yield Bonds | SNIDX vs AGDAX | |
| Leader Capital High Quality Income Fund Institutio... | 0.48 | 0.22 | 0.16 | 92 | Intermediate Core-Plus Bond | SNIDX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.50 | 0.24 | 0.18 | 89 | Intermediate Core-Plus Bond | SNIDX vs LCTRX | |
| AB Municipal Income Shares | 0.54 | 0.69 | 0.57 | 81 | High Yield Muni | SNIDX vs MISHX |
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