Looking to diversify beyond SPATX? The mutual funds below have the lowest correlation with SPATX — 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 SPATX.
Best Diversifiers for SPATX
39 mutual funds have low correlation with SPATX (below 0.3), 6 of which are negatively correlated. The least correlated is Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) (Municipal Bonds) with a 1Y correlation of -0.20, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Symmetry Panoramic Municipal Fixed Income Fund | -0.20 | -0.16 | -0.23 | 53 | Municipal Bonds | SPATX vs SPMFX | |
| Miller Market Neutral Income Fund Class I | -0.08 | — | — | 99 | Equity Market Neutral | SPATX vs MMNIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.05 | 0.06 | 0.04 | 80 | Bank Loan | SPATX vs XPTFX | |
| Morningstar Alternatives Fund | -0.05 | -0.02 | -0.03 | 56 | Multistrategy | SPATX vs MSTVX | |
| FS Credit Income Fund Class I | -0.02 | -0.08 | -0.11 | 96 | Multistrategy | SPATX vs FCRIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPATX
Add SPATX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPATX