Looking to diversify beyond SPAXX? The mutual funds below have historically moved differently from SPAXX, 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 SPAXX
209 mutual funds have low correlation with SPAXX (below 0.3), 58 of which are negatively correlated. The least correlated is Permanent Portfolio Versatile Bond Portfolio (PRVBX) (Short-Term Bond) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Permanent Portfolio Versatile Bond Portfolio | -0.15 | -0.03 | -0.01 | 69 | Short-Term Bond | SPAXX vs PRVBX | |
| AQR Managed Futures Strategy Fund - Class I | -0.15 | -0.05 | -0.04 | 92 | Systematic Trend | SPAXX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | -0.14 | -0.05 | -0.04 | 91 | Systematic Trend | SPAXX vs AQMNX | |
| AQR Managed Futures Strategy HV Fund | -0.13 | -0.05 | -0.04 | 83 | Systematic Trend | SPAXX vs QMHIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.11 | -0.09 | -0.06 | 100 | Ultrashort Bond | SPAXX vs ENIAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPAXX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NatWest Group plc (NWG.L) (Financial Services) with a 1Y correlation of -0.21, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NatWest Group plc | -0.21 | -0.14 | -0.18 | 79 | Financial Services | |
| RLJ Lodging Trust | -0.14 | -0.07 | -0.05 | 96 | Real Estate | |
| Airbnb, Inc. | -0.11 | -0.09 | -0.06 | 59 | Consumer Cyclical | |
| Legal & General Group plc | -0.11 | -0.11 | -0.17 | 77 | Financial Services | |
| Starbucks Corporation | -0.11 | -0.04 | -0.03 | 65 | Consumer Cyclical |
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