Looking to diversify beyond SOAVX? The mutual funds below have the lowest correlation with SOAVX — 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 SOAVX.
Best Diversifiers for SOAVX
2 mutual funds have low correlation with SOAVX (below 0.3), 0 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 0.21, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Spirit of America Municipal Tax Free Bond Fund | 0.21 | 0.13 | 0.09 | 75 | Municipal Bonds | SOAVX vs SOAMX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.11 | 0.10 | 72 | Large Cap Blend Equities | SOAVX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.33 | 0.41 | 69 | Large Cap Blend Equities | SOAVX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.59 | 0.66 | 0.77 | 62 | Large Cap Blend Equities | SOAVX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.64 | 0.74 | 0.84 | 88 | Large Cap Blend Equities | SOAVX vs RESGX |
See all 34 diversifiers for SOAVX
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