Looking to diversify beyond SOAAX? The mutual funds below have historically moved differently from SOAAX, 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 SOAAX
4 mutual funds have low correlation with SOAAX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 99 | REIT | SOAAX vs QREARX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | SOAAX vs CREMX | |
| Spirit of America Energy Fund | 0.17 | 0.32 | 0.37 | 83 | Energy Equities | SOAAX vs SOAEX | |
| Spirit of America Municipal Tax Free Bond Fund | 0.20 | 0.25 | 0.20 | 75 | Municipal Bonds | SOAAX vs SOAMX | |
| Fidelity Series Real Estate Income Fund | 0.36 | 0.46 | 0.62 | 87 | REIT | SOAAX vs FSREX |
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