Looking to diversify beyond SNIEX? The mutual funds below have historically moved differently from SNIEX, 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 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 0.34, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.34 | 0.29 | 0.34 | 84 | Bank Loan | SNIEX vs DFLYX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.56 | 0.67 | 88 | Foreign Large Cap Equities | SNIEX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.66 | 0.75 | 53 | Foreign Large Cap Equities | SNIEX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.47 | 0.66 | 0.75 | 54 | Foreign Large Cap Equities | SNIEX vs GSIMX | |
| BNY Mellon Natural Resources Fund | 0.49 | 0.48 | 0.51 | 85 | Energy Equities | SNIEX vs DLDRX |
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