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
12 mutual funds have low correlation with SOAMX (below 0.3), 1 of which are negatively correlated. The least correlated is Spirit of America Energy Fund (SOAEX) (Energy Equities) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Spirit of America Energy Fund | -0.19 | -0.03 | -0.03 | 63 | Energy Equities | SOAMX vs SOAEX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.27 | — | 100 | Municipal Bonds | SOAMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.36 | 100 | Municipal Bonds | SOAMX vs DFSMX | |
| Spirit of America Large Cap Value Fund | 0.20 | 0.13 | 0.10 | 58 | Large Cap Blend Equities | SOAMX vs SOAVX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.29 | 0.36 | 99 | Municipal Bonds | SOAMX vs USMSX |
See all 22 diversifiers for SOAMX
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