Looking to diversify beyond SPMAX? The mutual funds below have historically moved differently from SPMAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPMAX
2 mutual funds have low correlation with SPMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.02 | 0.08 | 0.06 | 94 | Ultrashort Bond | SPMAX vs SMBPX | |
| Saratoga Health & Biotechnology Fund | 0.23 | 0.43 | 0.55 | 74 | Health & Biotech Equities | SPMAX vs SHPAX | |
| Victory RS Investors Fund | 0.57 | 0.70 | 0.79 | 75 | Mid Cap Blend Equities | SPMAX vs RSINX | |
| Gabelli Value 25 Fund | 0.63 | 0.72 | 0.79 | 78 | Mid Cap Blend Equities | SPMAX vs GABVX | |
| 13D Activist Fund | 0.64 | 0.74 | 0.80 | 82 | Mid Cap Blend Equities | SPMAX vs DDDIX |
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