Looking to diversify beyond SPXX? The mutual funds below have the lowest correlation with SPXX — 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 SPXX.
Best Diversifiers for SPXX
33 mutual funds have low correlation with SPXX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Maryland Municipal Bond Fund (NMMDX) (Municipal Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Maryland Municipal Bond Fund | 0.22 | 0.17 | 0.14 | 73 | Municipal Bonds | SPXX vs NMMDX | |
| Nuveen Short Term Municipal Bond Fund | 0.22 | 0.16 | 0.11 | 72 | Municipal Bonds | SPXX vs FSHYX | |
| Nuveen New York Municipal Bond Fund | 0.23 | 0.17 | 0.13 | 73 | Municipal Bonds | SPXX vs NTNYX | |
| Nuveen New Mexico Municipal Bond Fund | 0.23 | 0.17 | 0.13 | 81 | Municipal Bonds | SPXX vs FNMTX | |
| Nuveen Colorado Municipal Bond Fund | 0.23 | 0.16 | 0.12 | 72 | Municipal Bonds | SPXX vs FCOTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXX and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.27, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.27 | 0.39 | 0.49 | 57 | Financial Services | |
| NVIDIA Corporation | 0.43 | 0.49 | 0.55 | 72 | Technology |
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