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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.40, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.40 | 0.23 | 0.14 | 96 | Equity Market Neutral | SPFIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.32 | 0.16 | 55 | Systematic Trend | SPFIX vs ASFYX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.72 | 0.79 | 0.87 | 55 | S&P 500 | SPFIX vs VADDX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.72 | 0.74 | 0.79 | 80 | Small Cap Blend Equities | SPFIX vs VTMSX | |
| Glenmede Quantitative U.S. Large Cap Growth Equity... | 0.87 | 0.90 | 0.93 | 73 | Large Cap Growth Equities | SPFIX vs GTLLX |
See all 44 diversifiers for SPFIX
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Diversification Analysis
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