Looking to diversify beyond SPEDX? The mutual funds below have the lowest correlation with SPEDX — 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 SPEDX.
Best Diversifiers for SPEDX
5 mutual funds have low correlation with SPEDX (below 0.3), 1 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -0.13 | 0.18 | 0.11 | 60 | Long-Short | SPEDX vs KCEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.07 | 0.07 | 0.02 | 85 | Long-Short | SPEDX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.08 | 0.08 | 0.03 | 85 | Long-Short | SPEDX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 0.21 | 0.35 | 0.36 | 65 | Long-Short | SPEDX vs GTAPX | |
| Easterly Snow Capital Long/Short Opportunity Fund | 0.25 | 0.30 | 0.42 | 69 | Long-Short | SPEDX vs SNOIX |
See all 21 diversifiers for SPEDX
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