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ClearBridge Dividend Strategy Fund (SOPAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities or other investments with similar economic characteristics that pay dividends or are expected to initiate their dividends over time. It invests primarily in common stocks. The fund may invest up to 50% of its net assets in equity securities of foreign issuers, either directly or through depositary receipts.

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

1 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 0.30, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.300.140.13
70
Large Cap Blend EquitiesSOPAX vs SVPFX
ORDNX
North Square Preferred and Income Securities Fund0.380.340.42
72
Large Cap Blend EquitiesSOPAX vs ORDNX
FBGRX
Fidelity Blue Chip Growth Fund0.390.520.64
75
Large Cap Growth EquitiesSOPAX vs FBGRX
WBREOX
CIT: BlackRock Equity Index Fund Class 10.510.520.52
88
Large Cap Blend EquitiesSOPAX vs WBREOX
FLCKX
Fidelity Leveraged Company Stock Fund Class K0.540.670.77
56
Large Cap Blend EquitiesSOPAX vs FLCKX
See all 39 diversifiers for SOPAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SOPAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOPAX and solid risk/return profiles. The least correlated is Northrop Grumman Corporation (NOC) (Industrials) with a 1Y correlation of 0.21, down from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NOC
Northrop Grumman Corporation0.210.240.32
52
Industrials

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