Looking to diversify beyond SPGTX? The mutual funds below have the lowest correlation with SPGTX — 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 SPGTX.
Best Diversifiers for SPGTX
0 mutual funds have low correlation with SPGTX (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 0.31, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.18 | 0.12 | 92 | Long-Short | SPGTX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.51 | 0.35 | 0.18 | 67 | Systematic Trend | SPGTX vs ASFYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.66 | 0.77 | 0.83 | 81 | Global Equities | SPGTX vs RTXAX | |
| Polaris Global Value Fund | 0.67 | 0.79 | 0.85 | 90 | Global Equities | SPGTX vs PGVFX | |
| Artisan Global Equity Fund | 0.67 | 0.74 | 0.82 | 62 | Global Equities | SPGTX vs ARTHX |
See all 29 diversifiers for SPGTX
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