Looking to diversify beyond SOKAX? The mutual funds below have the lowest correlation with SOKAX — 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 SOKAX.
Best Diversifiers for SOKAX
2 mutual funds have low correlation with SOKAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.20 | 0.46 | 64 | Diversified Portfolio | SOKAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.23 | 0.26 | 0.29 | 100 | Ultrashort Bond | SOKAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.31 | 0.29 | 0.29 | 67 | Municipal Bonds | SOKAX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.33 | 0.31 | 0.27 | 54 | Municipal Bonds | SOKAX vs SBDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.66 | 0.70 | 96 | Diversified Portfolio | SOKAX vs FSIRX |
See all 31 diversifiers for SOKAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SOKAX
Add SOKAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOKAX