Looking to diversify beyond SOPVX? The mutual funds below have historically moved differently from SOPVX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.13, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Municipal Income Fund | 0.13 | 0.08 | 0.09 | 97 | Municipal Bonds | SOPVX vs SMAIX | |
| Allspring Ultra Short-Term Income Fund | 0.18 | 0.12 | 0.16 | 99 | Ultrashort Bond | SOPVX vs SADIX | |
| Allspring High Yield Municipal Bond Fund | 0.20 | 0.17 | 0.16 | 93 | High Yield Muni | SOPVX vs WHYIX | |
| Allspring Intermediate Tax/AMT-Free Fund | 0.20 | 0.17 | 0.14 | 60 | Municipal Bonds | SOPVX vs WFTAX | |
| Allspring Pennsylvania Tax-Free Fund | 0.20 | 0.16 | 0.13 | 86 | Municipal Bonds | SOPVX vs EKVAX |
To view more results, upgrade your current subscription plan.
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