Looking to diversify beyond SPAXX? The mutual funds below have the lowest correlation with SPAXX — 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 SPAXX.
Best Diversifiers for SPAXX
179 mutual funds have low correlation with SPAXX (below 0.3), 94 of which are negatively correlated. The least correlated is Permanent Portfolio Versatile Bond Portfolio (PRVBX) (Short-Term Bond) with a 1Y correlation of -0.14, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Permanent Portfolio Versatile Bond Portfolio | -0.14 | -0.02 | -0.00 | 79 | Short-Term Bond | SPAXX vs PRVBX | |
| AQR Managed Futures Strategy Fund | -0.14 | -0.06 | -0.04 | 92 | Systematic Trend | SPAXX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | -0.14 | -0.06 | -0.04 | 92 | Systematic Trend | SPAXX vs AQMNX | |
| AQR Managed Futures Strategy HV Fund | -0.13 | -0.06 | -0.04 | 87 | Systematic Trend | SPAXX vs QMHIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.12 | -0.09 | -0.05 | 99 | Ultrashort Bond | SPAXX vs ENIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPAXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPAXX and solid risk/return profiles. The least correlated is NatWest Group plc (NWG.L) (Financial Services) with a 1Y correlation of -0.17, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NatWest Group plc | -0.17 | -0.13 | -0.18 | 76 | Financial Services | |
| Starbucks Corporation | -0.12 | -0.03 | -0.02 | 55 | Consumer Cyclical | |
| NVIDIA Corporation | -0.11 | -0.07 | -0.05 | 72 | Technology | |
| Trustmark Corporation | -0.10 | -0.02 | -0.01 | 81 | Financial Services | |
| Lam Research Corporation | -0.09 | -0.05 | -0.03 | 98 | Technology |
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