Looking to diversify beyond SOAVX? The mutual funds below have historically moved differently from SOAVX, 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 SOAVX
4 mutual funds have low correlation with SOAVX (below 0.3), 0 of which are negatively correlated. The least correlated is Spirit of America Energy Fund (SOAEX) (Energy Equities) with a 1Y correlation of 0.12, down from 0.44 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 | 0.12 | 0.32 | 0.44 | 83 | Energy Equities | SOAVX vs SOAEX | |
| Spirit of America Real Estate Income & Growth Fund | 0.20 | 0.38 | 0.54 | 53 | REIT | SOAVX vs SOAAX | |
| Spirit of America Municipal Tax Free Bond Fund | 0.23 | 0.13 | 0.10 | 75 | Municipal Bonds | SOAVX vs SOAMX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.12 | 0.10 | 97 | Large Cap Blend Equities | SOAVX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.33 | 0.40 | 59 | Preferred Stock | SOAVX vs ORDNX |
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