Looking to diversify beyond SPMFX? The mutual funds below have historically moved differently from SPMFX, 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 SPMFX
14 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 -0.28, roughly unchanged from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Symmetry Panoramic Alternatives Fund | -0.28 | -0.18 | -0.24 | 98 | Multistrategy | SPMFX vs SPATX | |
| DFA California Municipal Real Return Portfolio | -0.10 | 0.12 | 0.18 | 91 | Municipal Bonds | SPMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.07 | 0.14 | 0.19 | 94 | Municipal Bonds | SPMFX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.10 | 0.07 | 99 | Municipal Bonds | SPMFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.13 | 0.12 | 99 | Municipal Bonds | SPMFX vs TFCYX |
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