Looking to diversify beyond SPMAX? The mutual funds below have the lowest correlation with SPMAX — 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 SPMAX.
Best Diversifiers for SPMAX
1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.01 | 0.09 | 0.06 | 93 | Ultrashort Bond | SPMAX vs SMBPX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.68 | 0.68 | 0.73 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | SPMAX vs MISIX | |
| 13D Activist Fund | 0.70 | 0.76 | 0.82 | 65 | Mid Cap Blend Equities | SPMAX vs DDDIX | |
| Quantified Common Ground Fund | 0.71 | 0.79 | 0.81 | 56 | Mid Cap Blend Equities | SPMAX vs QCGDX | |
| Gabelli Value 25 Fund | 0.73 | 0.75 | 0.82 | 61 | Mid Cap Blend Equities | SPMAX vs GABVX |
See all 15 diversifiers for SPMAX
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