Looking to diversify beyond SRRIX? The mutual funds below have historically moved differently from SRRIX, 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 SRRIX
59 mutual funds have low correlation with SRRIX (below 0.3), 8 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.12 | -0.01 | 0.00 | 98 | Multistrategy | SRRIX vs FCRIX | |
| Catalyst/Millburn Hedge Strategy Fund | -0.07 | -0.02 | -0.03 | 89 | Multistrategy, Systematic Trend, Global Equities | SRRIX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | -0.07 | -0.02 | -0.03 | 90 | Multistrategy, Systematic Trend, Global Equities | SRRIX vs MBXIX | |
| AQR Diversified Arbitrage Fund Class N | -0.04 | 0.01 | 0.02 | 99 | Multistrategy | SRRIX vs ADANX | |
| GMO Alternative Allocation Fund | -0.03 | 0.00 | -0.02 | 89 | Multistrategy | SRRIX vs GAAVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SRRIX, 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 Everest Group Ltd (EG) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Everest Group Ltd | 0.06 | 0.02 | 0.03 | 62 | Financial Services | |
| General American Investors Company, Inc. | 0.09 | 0.05 | 0.04 | 93 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.12 | — | — | 57 | Technology |
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