Looking to diversify beyond SOAEX? The mutual funds below have historically moved differently from SOAEX, 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 SOAEX
6 mutual funds have low correlation with SOAEX (below 0.3), 1 of which are negatively correlated. The least correlated is Spirit of America Municipal Tax Free Bond Fund (SOAMX) (Municipal Bonds) with a 1Y correlation of -0.23, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Spirit of America Municipal Tax Free Bond Fund | -0.23 | -0.05 | -0.04 | 75 | Municipal Bonds | SOAEX vs SOAMX | |
| Spirit of America Real Estate Income & Growth Fund | 0.17 | 0.32 | 0.37 | 53 | REIT | SOAEX vs SOAAX | |
| U.S. Global Investors Global Resources Fund | 0.22 | 0.42 | 0.58 | 53 | Energy Equities | SOAEX vs PSPFX | |
| Victory Global Energy Transition Fund Class Y | 0.29 | 0.49 | 0.62 | 96 | Energy Equities | SOAEX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.29 | 0.49 | 0.62 | 96 | Energy Equities | SOAEX vs RSNRX |
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