Looking to diversify beyond SOAEX? The mutual funds below have the lowest correlation with SOAEX — 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 SOAEX.
Best Diversifiers for SOAEX
4 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 -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Spirit of America Municipal Tax Free Bond Fund | -0.16 | -0.02 | -0.03 | 75 | Municipal Bonds | SOAEX vs SOAMX | |
| Spirit of America Large Cap Value Fund | 0.14 | 0.34 | 0.46 | 62 | Large Cap Blend Equities | SOAEX vs SOAVX | |
| U.S. Global Investors Global Resources Fund | 0.24 | 0.43 | 0.59 | 56 | Energy Equities | SOAEX vs PSPFX | |
| abrdn Global Infrastructure Fund | 0.26 | 0.40 | 0.50 | 64 | Energy Equities | SOAEX vs AIFRX | |
| JHancock Infrastructure Fund | 0.30 | 0.45 | 0.49 | 56 | Energy Equities | SOAEX vs JEEIX |
See all 21 diversifiers for SOAEX
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