Looking to diversify beyond SPHIX? The mutual funds below have the lowest correlation with SPHIX — 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 SPHIX.
Best Diversifiers for SPHIX
4 mutual funds have low correlation with SPHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.15, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.15 | 0.14 | 0.21 | 79 | Energy Equities | SPHIX vs FSENX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.10 | 0.10 | 100 | High Yield Bonds | SPHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.07 | 0.08 | 0.06 | 100 | High Yield Bonds | SPHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.18 | 0.26 | 100 | High Yield Bonds | SPHIX vs RPHIX | |
| Fidelity Sustainable Low Duration Bond | 0.33 | 0.32 | — | 99 | Ultrashort Bond | SPHIX vs FAPGX |
See all 61 diversifiers for SPHIX
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Diversification Analysis
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