Looking to diversify beyond SNIDX? The mutual funds below have the lowest correlation with SNIDX — 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 SNIDX.
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 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.32 | 0.33 | 0.37 | 98 | Intermediate Core-Plus Bond | SNIDX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.36 | 0.18 | 0.13 | 92 | Intermediate Core-Plus Bond | SNIDX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.37 | 0.19 | 0.15 | 90 | Intermediate Core-Plus Bond | SNIDX vs LCTRX | |
| AB High Income Fund | 0.45 | 0.52 | 0.49 | 73 | High Yield Bonds | SNIDX vs AGDAX | |
| AB Municipal Income Shares | 0.54 | 0.70 | 0.56 | 69 | High Yield Muni | SNIDX vs MISHX |
See all 10 diversifiers for SNIDX
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