Looking to diversify beyond SRRIX? The mutual funds below have the lowest correlation with SRRIX — 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 SRRIX.
Best Diversifiers for SRRIX
48 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 -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.09 | -0.00 | -0.00 | 96 | Multistrategy | SRRIX vs FCRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.05 | 0.03 | 0.03 | 99 | Multistrategy | SRRIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.04 | 0.02 | 0.03 | 99 | Multistrategy | SRRIX vs ADANX | |
| John Hancock Funds Alternative Asset Allocation Fu... | -0.04 | 0.03 | 0.02 | 95 | Multistrategy | SRRIX vs JAAAX | |
| Allspring Absolute Return Fund | -0.02 | 0.01 | 0.01 | 95 | Global Allocation | SRRIX vs WARAX |
See all 49 diversifiers for SRRIX
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