Looking to diversify beyond SRDAX? The mutual funds below have the lowest correlation with SRDAX — 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 SRDAX.
Best Diversifiers for SRDAX
25 mutual funds have low correlation with SRDAX (below 0.3), 13 of which are negatively correlated. The least correlated is Aspiriant Defensive Allocation Fund (RMDFX) (Multistrategy) with a 1Y correlation of -0.33, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | -0.33 | -0.20 | -0.14 | 95 | Multistrategy | SRDAX vs RMDFX | |
| Abbey Capital Multi Asset Fund Class I | -0.25 | -0.17 | -0.09 | 83 | Multistrategy | SRDAX vs MAFIX | |
| AlphaSimplex Global Alternatives Fund | -0.25 | -0.17 | -0.11 | 75 | Multistrategy | SRDAX vs GAFYX | |
| John Hancock Funds Alternative Asset Allocation Fu... | -0.23 | -0.20 | -0.11 | 95 | Multistrategy | SRDAX vs JAAAX | |
| 1290 Multi-Alternative Strategies Fund | -0.19 | -0.18 | -0.14 | 89 | Multistrategy | SRDAX vs TNMIX |
See all 25 diversifiers for SRDAX
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