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
51 mutual funds have low correlation with SRRIX (below 0.3), 5 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.
| 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 | |
| AQR Diversified Arbitrage Fund Class N | -0.03 | 0.02 | 0.02 | 99 | Multistrategy | SRRIX vs ADANX | |
| Destinations Multi Strategy Alternatives Fund | -0.03 | 0.02 | 0.03 | 63 | Multistrategy | SRRIX vs DMSFX | |
| AQR Diversified Arbitrage Fund Class I | -0.01 | 0.03 | 0.03 | 99 | Multistrategy | SRRIX vs ADAIX | |
| GMO Alternative Allocation Fund | -0.01 | -0.00 | -0.02 | 68 | Multistrategy | SRRIX vs GAAVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRRIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRRIX and solid risk/return profiles. The least correlated is Everest Group Ltd (EG) (Financial Services) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Everest Group Ltd | 0.05 | 0.02 | 0.02 | 62 | Financial Services | |
| General American Investors Company, Inc. | 0.09 | 0.06 | 0.03 | 92 | Financial Services |
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