Looking to diversify beyond SSAFX? The mutual funds below have historically moved differently from SSAFX, 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 SSAFX
3 mutual funds have low correlation with SSAFX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Emerging Markets Equity Index Fund (SSKEX) (Emerging Markets Equities) with a 1Y correlation of 0.22, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.22 | 0.11 | 0.08 | 73 | Emerging Markets Equities | SSAFX vs SSKEX | |
| State Street S&P 500 Index Fund Class N | 0.25 | 0.22 | 0.16 | 75 | Large Cap Blend Equities | SSAFX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.30 | 0.16 | 0.10 | 86 | Foreign Large Cap Equities | SSAFX vs SSHQX | |
| State Street Equity 500 Index Fund | 0.31 | 0.22 | 0.16 | 57 | Large Cap Blend Equities | SSAFX vs STFAX | |
| State Street Equity 500 Index II Portfolio | 0.31 | 0.22 | 0.16 | 57 | Large Cap Blend Equities | SSAFX vs SSEYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SSAFX, 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 National Health Investors, Inc. (NHI) (Real Estate) with a 1Y correlation of 0.10, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Health Investors, Inc. | 0.10 | 0.22 | 0.17 | 57 | Real Estate |
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