Looking to diversify beyond SOPYX? The mutual funds below have historically moved differently from SOPYX, 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 SOPYX
1 mutual funds have low correlation with SOPYX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Emerging Markets Equity Income Fund (EQIIX) (Dividend) with a 1Y correlation of 0.28, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Emerging Markets Equity Income Fund | 0.28 | 0.37 | 0.47 | 63 | Dividend, Emerging Markets Equities | SOPYX vs EQIIX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.46 | 0.61 | 0.77 | 78 | Dividend | SOPYX vs FDGDX | |
| EuroPac International Dividend Income Fund Class A | 0.48 | 0.49 | 0.56 | 86 | Foreign Large Cap Equities, Dividend | SOPYX vs EPDPX | |
| American Funds Fundamental Investors® Class F-2 | 0.53 | 0.71 | 0.81 | 65 | Large Cap Blend Equities, Dividend | SOPYX vs FINFX | |
| Fidelity Dividend Growth Fund | 0.55 | 0.69 | 0.81 | 80 | Large Cap Blend Equities, Dividend | SOPYX vs FDGFX |
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