Looking to diversify beyond SNXFX? The mutual funds below have historically moved differently from SNXFX, 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 SNXFX
7 mutual funds have low correlation with SNXFX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.08, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.08 | 0.20 | 0.32 | 87 | Energy Equities | SNXFX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.09 | 0.15 | 91 | Inflation-Protected Bonds | SNXFX vs VTAPX | |
| Schwab California Tax-Free Bond Fund™ | 0.21 | 0.13 | 0.11 | 56 | Municipal Bonds | SNXFX vs SWCAX | |
| Schwab Tax-Free Bond Fund™ | 0.21 | 0.15 | 0.13 | 60 | Municipal Bonds | SNXFX vs SWNTX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.22 | 0.14 | 0.12 | 58 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | SNXFX vs VCAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNXFX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.02 | 0.10 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.05 | 0.21 | 79 | Energy | |
| Chubb Limited | -0.22 | 0.06 | 0.25 | 87 | Financial Services | |
| The Coca-Cola Company | -0.21 | 0.02 | 0.21 | 87 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.21 | 0.05 | 0.20 | 68 | Energy |
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