Looking to diversify beyond SOAAX? The mutual funds below have the lowest correlation with SOAAX — 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 SOAAX.
Best Diversifiers for SOAAX
5 mutual funds have low correlation with SOAAX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.18 | — | — | 98 | REIT | SOAAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | SOAAX vs CREMX | |
| Spirit of America Energy Fund | 0.16 | 0.34 | 0.38 | 56 | Energy Equities | SOAAX vs SOAEX | |
| Spirit of America Municipal Tax Free Bond Fund | 0.25 | 0.26 | 0.21 | 70 | Municipal Bonds | SOAAX vs SOAMX | |
| Spirit of America Large Cap Value Fund | 0.28 | 0.42 | 0.56 | 74 | Large Cap Blend Equities | SOAAX vs SOAVX |
See all 6 diversifiers for SOAAX
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Diversification Analysis
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