Looking to diversify beyond SNSXX? The mutual funds below have historically moved differently from SNSXX, 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 SNSXX
107 mutual funds have low correlation with SNSXX (below 0.3), 17 of which are negatively correlated. The least correlated is DFA Commodity Strategy Portfolio (DCMSX) (Commodities) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Commodity Strategy Portfolio | -0.07 | -0.05 | -0.04 | 80 | Commodities | SNSXX vs DCMSX | |
| Fidelity Select Energy Portfolio | -0.05 | -0.01 | -0.01 | 88 | Energy Equities | SNSXX vs FSENX | |
| Fidelity Select Semiconductors Portfolio | -0.04 | -0.02 | -0.01 | 82 | Semiconductors, Technology Equities | SNSXX vs FSELX | |
| DFA U.S. Small Cap Value Portfolio I | -0.04 | -0.02 | -0.01 | 90 | Small Cap Value Equities | SNSXX vs DFSVX | |
| Fidelity Small Cap Index Fund | -0.03 | -0.01 | -0.00 | 84 | Small Cap Blend Equities | SNSXX vs FSSNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNSXX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Starbucks Corporation (SBUX) (Consumer Cyclical) with a 1Y correlation of -0.11, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Starbucks Corporation | -0.11 | -0.06 | -0.05 | 65 | Consumer Cyclical | |
| Petróleo Brasileiro S.A. - Petrobras | -0.10 | -0.07 | -0.05 | 82 | Energy | |
| NVIDIA Corporation | -0.08 | -0.05 | -0.04 | 59 | Technology | |
| Riot Platforms, Inc. | -0.08 | -0.03 | -0.03 | 74 | Technology | |
| Airbnb, Inc. | -0.06 | -0.09 | -0.06 | 59 | Consumer Cyclical |
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