Looking to diversify beyond SOAMX? The mutual funds below have historically moved differently from SOAMX, 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 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 -0.23, 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 Energy Fund | -0.23 | -0.05 | -0.04 | 83 | Energy Equities | SOAMX vs SOAEX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.27 | — | 100 | Municipal Bonds | SOAMX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.26 | 0.26 | 100 | Municipal Bonds | SOAMX vs ATOIX | |
| Spirit of America Real Estate Income & Growth Fund | 0.20 | 0.25 | 0.20 | 53 | REIT | SOAMX vs SOAAX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.36 | 100 | Municipal Bonds | SOAMX vs DFSMX |
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