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Shelton Capital Management S&P Midcap Index Fund (SPMIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The S&P MidCap 400 Index includes the common stocks of 400 medium-sized U.S. companies from a broad range of industries. The fund is passively managed. It invests primarily in the stocks that make up the S&P MidCap 400 Index so that the weighting of each stock in the portfolio approximates the index. The fund's policy to invest at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in the underlying stocks of the index.

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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.28, up from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.280.140.07
96
Equity Market NeutralSPMIX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.360.260.13
51
Systematic TrendSPMIX vs ASFYX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.640.650.72
59
Large Cap Growth EquitiesSPMIX vs NASDX
DDDIX
13D Activist Fund0.730.820.88
80
Mid Cap Blend EquitiesSPMIX vs DDDIX
GABVX
Gabelli Value 25 Fund0.740.810.86
71
Mid Cap Blend EquitiesSPMIX vs GABVX
See all 30 diversifiers for SPMIX

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