Looking to diversify beyond SNIEX? The mutual funds below have the lowest correlation with SNIEX — 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 SNIEX.
Best Diversifiers for SNIEX
0 mutual funds have low correlation with SNIEX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Floating Rate Income Fund (DFLYX) (Bank Loan) with a 1Y correlation of 0.36, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.36 | 0.30 | 0.34 | 81 | Bank Loan | SNIEX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.49 | 0.48 | 0.52 | 62 | Energy Equities | SNIEX vs DLDRX | |
| Kopernik International Fund | 0.58 | 0.49 | 0.60 | 53 | Foreign Large Cap Equities | SNIEX vs KGIIX | |
| BNY Mellon High Yield Fund | 0.59 | 0.49 | 0.52 | 56 | High Yield Bonds | SNIEX vs DLHRX | |
| BNY Mellon Small Cap Value Fund | 0.61 | 0.61 | 0.64 | 56 | Small Cap Blend Equities | SNIEX vs STSVX |
See all 26 diversifiers for SNIEX
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