Looking to diversify beyond SPMIX? The mutual funds below have the lowest correlation with SPMIX — 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 SPMIX.
Best Diversifiers for SPMIX
1 mutual funds have low correlation with SPMIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.26, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.13 | 0.07 | 95 | Long-Short | SPMIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.35 | 0.26 | 0.13 | 60 | Systematic Trend | SPMIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.54 | 0.59 | 0.68 | 66 | Technology Equities | SPMIX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.63 | 0.65 | 0.72 | 70 | Large Cap Growth Equities | SPMIX vs NASDX | |
| Gotham Enhanced Return Fund | 0.74 | 0.78 | 0.82 | 74 | Mid Cap Blend Equities | SPMIX vs GENIX |
See all 32 diversifiers for SPMIX
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Diversification Analysis
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