Looking to diversify beyond SOPVX? The mutual funds below have the lowest correlation with SOPVX — 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 SOPVX.
Best Diversifiers for SOPVX
11 mutual funds have low correlation with SOPVX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Municipal Income Fund (SMAIX) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Municipal Income Fund | 0.08 | 0.06 | 0.08 | 98 | Municipal Bonds | SOPVX vs SMAIX | |
| Allspring Ultra Short-Term Income Fund | 0.14 | 0.13 | 0.15 | 98 | Ultrashort Bond | SOPVX vs SADIX | |
| Allspring High Yield Municipal Bond Fund | 0.15 | 0.16 | 0.15 | 80 | High Yield Muni | SOPVX vs WHYIX | |
| Allspring Pennsylvania Tax-Free Fund | 0.16 | 0.16 | 0.12 | 78 | Municipal Bonds | SOPVX vs EKVAX | |
| Allspring Intermediate Tax/AMT-Free Fund | 0.18 | 0.17 | 0.13 | 69 | Municipal Bonds | SOPVX vs WFTAX |
See all 56 diversifiers for SOPVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SOPVX
Add SOPVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOPVX