Looking to diversify beyond SOAMX? The mutual funds below have the lowest correlation with SOAMX — 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 SOAMX.
Best Diversifiers for SOAMX
10 mutual funds have low correlation with SOAMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.25 | 0.36 | 99 | Municipal Bonds | SOAMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.28 | 0.41 | 100 | Municipal Bonds | SOAMX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.28 | 0.36 | 99 | Municipal Bonds | SOAMX vs USMSX | |
| Spirit of America Large Cap Value Fund | 0.21 | 0.13 | 0.09 | 62 | Large Cap Blend Equities | SOAMX vs SOAVX | |
| DFA California Short Term Municipal Bond Portfolio | 0.22 | 0.32 | 0.42 | 99 | Municipal Bonds | SOAMX vs DFCMX |
See all 19 diversifiers for SOAMX
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