Looking to diversify beyond SNOIX? The mutual funds below have the lowest correlation with SNOIX — 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 SNOIX.
Best Diversifiers for SNOIX
5 mutual funds have low correlation with SNOIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.08 | -0.05 | 0.06 | 95 | Long-Short | SNOIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.06 | -0.04 | 0.06 | 95 | Long-Short | SNOIX vs VMNFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.21 | 0.08 | 0.03 | 96 | Equity Market Neutral | SNOIX vs BDMIX | |
| AQR Long-Short Equity Fund | 0.29 | 0.31 | 0.39 | 54 | Long-Short | SNOIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.29 | 0.31 | 0.39 | 51 | Long-Short, Actively Managed | SNOIX vs QLENX |
See all 20 diversifiers for SNOIX
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