Looking to diversify beyond SNSAX? The mutual funds below have the lowest correlation with SNSAX — 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 SNSAX.
Best Diversifiers for SNSAX
5 mutual funds have low correlation with SNSAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.02, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.02 | 0.06 | 0.30 | 68 | Short-Term Bond | SNSAX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.10 | 0.28 | 79 | Short-Term Bond | SNSAX vs LCCMX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.20 | 0.33 | 0.31 | 99 | Ultrashort Bond | SNSAX vs ENIAX | |
| Federated Hermes Short-Term Income Fund | 0.24 | 0.48 | 0.52 | 85 | Short-Term Bond | SNSAX vs FSTIX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.30 | 0.43 | 0.44 | 71 | Short-Term Bond | SNSAX vs JNSTX |
See all 113 diversifiers for SNSAX
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