Looking to diversify beyond SPXX? The mutual funds below have historically moved differently from SPXX, 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 SPXX
34 mutual funds have low correlation with SPXX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.17, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.17 | 0.35 | 0.45 | 71 | REIT | SPXX vs FARCX | |
| Nuveen Municipal Value Fund Inc. | 0.19 | 0.30 | 0.31 | 60 | Municipal Bonds | SPXX vs NUV | |
| Nuveen Global Infrastructure Fund | 0.19 | 0.32 | 0.47 | 59 | Infrastructure Equities, Energy Equities | SPXX vs FGIYX | |
| Nuveen Global Infrastructure Fund Class A | 0.20 | 0.32 | 0.47 | 58 | Infrastructure Equities, Global Equities | SPXX vs FGIAX | |
| Nuveen New Mexico Municipal Bond Fund | 0.23 | 0.17 | 0.14 | 81 | Municipal Bonds | SPXX vs FNMTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPXX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Quality Income Realty Fund, Inc. (RQI) (Financial Services) with a 1Y correlation of 0.25, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.25 | 0.38 | 0.48 | 66 | Financial Services | |
| NVIDIA Corporation | 0.48 | 0.49 | 0.56 | 61 | Technology | |
| BlackRock Capital Allocation Term Trust | 0.59 | 0.53 | 0.60 | 95 | Financial Services |
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