Looking to diversify beyond SPFIX? The mutual funds below have the lowest correlation with SPFIX — 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 SPFIX.
Best Diversifiers for SPFIX
0 mutual funds have low correlation with SPFIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.34, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.21 | 0.13 | 92 | Long-Short | SPFIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.44 | 0.32 | 0.16 | 69 | Systematic Trend | SPFIX vs ASFYX | |
| WisdomTree Equity Premium Income Fund | 0.84 | 0.86 | 0.83 | 56 | Derivative Income, S&P 500 | SPFIX vs PUTW | |
| Glenmede Quantitative U.S. Large Cap Growth Equity... | 0.87 | 0.90 | 0.93 | 67 | Large Cap Growth Equities | SPFIX vs GTLLX | |
| Fidelity Asset Manager 70% Fund | 0.94 | 0.92 | 0.93 | 72 | Diversified Portfolio | SPFIX vs FASGX |
See all 40 diversifiers for SPFIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SPFIX
Add SPFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPFIX