Looking to diversify beyond SSAQX? The mutual funds below have historically moved differently from SSAQX, 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 SSAQX
1 mutual funds have low correlation with SSAQX (below 0.3), 0 of which are negatively correlated. The least correlated is Elfun Tax Exempt Income Fund (ELFTX) (Municipal Bonds) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.26 | 0.16 | 0.13 | 79 | Municipal Bonds | SSAQX vs ELFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | SSAQX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.41 | 59 | Preferred Stock | SSAQX vs ORDNX | |
| State Street Emerging Markets Equity Index Fund | 0.54 | 0.50 | 0.53 | 65 | Emerging Markets Equities | SSAQX vs SSKEX | |
| State Street International Stock Selection Fund | 0.54 | 0.51 | 0.61 | 59 | Foreign Large Cap Equities | SSAQX vs SSAIX |
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