Looking to diversify beyond SNXFX? The mutual funds below have the lowest correlation with SNXFX — 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 SNXFX.
Best Diversifiers for SNXFX
9 mutual funds have low correlation with SNXFX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.03, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.03 | 0.23 | 0.35 | 79 | Energy Equities | SNXFX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.09 | 0.15 | 94 | Inflation-Protected Bonds | SNXFX vs VTAPX | |
| Schwab Tax-Free Bond Fund™ | 0.13 | 0.15 | 0.12 | 68 | Municipal Bonds | SNXFX vs SWNTX | |
| Schwab California Tax-Free Bond Fund™ | 0.15 | 0.14 | 0.10 | 66 | Municipal Bonds | SNXFX vs SWCAX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.15 | 0.14 | 0.11 | 69 | Municipal Bonds | SNXFX vs VCAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNXFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNXFX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.02 | 0.13 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.06 | 0.19 | 85 | Energy | |
| Chevron Corporation | -0.12 | 0.08 | 0.22 | 83 | Energy | |
| Duke Energy Corporation | -0.12 | 0.00 | 0.11 | 53 | Utilities | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.21 | 76 | Energy |
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