Looking to diversify beyond SRDAX? The mutual funds below have historically moved differently from SRDAX, 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 SRDAX
29 mutual funds have low correlation with SRDAX (below 0.3), 16 of which are negatively correlated. The least correlated is Aspiriant Defensive Allocation Fund (RMDFX) (Multistrategy) with a 1Y correlation of -0.23, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | -0.23 | -0.16 | -0.13 | 97 | Multistrategy | SRDAX vs RMDFX | |
| Abbey Capital Multi Asset Fund Class I | -0.19 | -0.15 | -0.09 | 73 | Multistrategy | SRDAX vs MAFIX | |
| AlphaSimplex Global Alternatives Fund | -0.17 | -0.13 | -0.10 | 74 | Multistrategy | SRDAX vs GAFYX | |
| 1290 Multi-Alternative Strategies Fund | -0.15 | -0.15 | -0.13 | 86 | Multistrategy | SRDAX vs TNMIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | -0.14 | -0.15 | -0.10 | 96 | Multistrategy | SRDAX vs JAAAX |
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