Looking to diversify beyond SPMFX? The mutual funds below have the lowest correlation with SPMFX — 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 SPMFX.
Best Diversifiers for SPMFX
15 mutual funds have low correlation with SPMFX (below 0.3), 3 of which are negatively correlated. The least correlated is Symmetry Panoramic Alternatives Fund (SPATX) (Multistrategy) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Symmetry Panoramic Alternatives Fund | -0.23 | -0.17 | -0.23 | 97 | Multistrategy | SPMFX vs SPATX | |
| DFA California Municipal Real Return Portfolio | -0.09 | 0.13 | 0.18 | 95 | Municipal Bonds | SPMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.05 | 0.14 | 0.19 | 94 | Municipal Bonds | SPMFX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.10 | 0.07 | 99 | Municipal Bonds | SPMFX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.28 | 0.33 | 99 | Municipal Bonds | SPMFX vs USMSX |
See all 25 diversifiers for SPMFX
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