Looking to diversify beyond SNSAX? The mutual funds below have historically moved differently from SNSAX, 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 SNSAX
5 mutual funds have low correlation with SNSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.08, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.08 | 0.08 | 0.28 | 84 | Short-Term Bond | SNSAX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.08 | 0.30 | 100 | Short-Term Bond | SNSAX vs DFCFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.17 | 0.32 | 0.31 | 100 | Ultrashort Bond | SNSAX vs ENIAX | |
| Federated Hermes Short-Term Income Fund | 0.27 | 0.47 | 0.53 | 90 | Short-Term Bond | SNSAX vs FSTIX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.27 | 0.40 | 0.45 | 82 | Short-Term Bond | SNSAX vs JNSTX |
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