Looking to diversify beyond SOPAX? The mutual funds below have the lowest correlation with SOPAX — 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 SOPAX.
Best Diversifiers for SOPAX
0 mutual funds have low correlation with SOPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.13 | 70 | Large Cap Blend Equities | SOPAX vs SVPFX | |
| Fidelity Blue Chip Growth Fund | 0.40 | 0.52 | 0.64 | 68 | Large Cap Growth Equities | SOPAX vs FBGRX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.35 | 0.42 | 68 | Large Cap Blend Equities | SOPAX vs ORDNX | |
| Fidelity Infrastructure Fund | 0.52 | 0.65 | 0.73 | 51 | Large Cap Blend Equities | SOPAX vs FNSTX | |
| CIT: BlackRock Equity Index Fund Class 1 | 0.53 | 0.53 | 0.53 | 76 | Large Cap Blend Equities | SOPAX vs WBREOX |
See all 43 diversifiers for SOPAX
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