Looking to diversify beyond SRWAX? The mutual funds below have the lowest correlation with SRWAX — 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 SRWAX.
Best Diversifiers for SRWAX
3 mutual funds have low correlation with SRWAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.19 | 0.48 | 67 | Diversified Portfolio | SRWAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.25 | 0.22 | 0.28 | 99 | Ultrashort Bond | SRWAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.28 | 0.24 | 0.23 | 66 | Municipal Bonds | SRWAX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.32 | 0.26 | 0.22 | 54 | Municipal Bonds | SRWAX vs SBDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.45 | 0.63 | 0.68 | 82 | Diversified Portfolio | SRWAX vs FCSRX |
See all 33 diversifiers for SRWAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SRWAX
Add SRWAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SRWAX