Looking to diversify beyond SPATX? The mutual funds below have historically moved differently from SPATX, 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 SPATX
44 mutual funds have low correlation with SPATX (below 0.3), 9 of which are negatively correlated. The least correlated is Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) (Municipal Bonds) with a 1Y correlation of -0.28, roughly unchanged from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Symmetry Panoramic Municipal Fixed Income Fund | -0.28 | -0.18 | -0.24 | 58 | Municipal Bonds | SPATX vs SPMFX | |
| Morningstar Alternatives Fund | -0.16 | -0.03 | -0.06 | 87 | Multistrategy | SPATX vs MSTVX | |
| Destinations Multi Strategy Alternatives Fund | -0.10 | -0.10 | -0.09 | 64 | Multistrategy | SPATX vs DMSFX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.05 | 0.04 | 93 | Bank Loan | SPATX vs XPTFX | |
| FS Credit Income Fund Class I | -0.06 | -0.06 | -0.12 | 98 | Multistrategy | SPATX vs FCRIX |
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