Looking to diversify beyond SSAQX? The mutual funds below have the lowest correlation with SSAQX — 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 SSAQX.
Best Diversifiers for SSAQX
2 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 0.21, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.21 | 0.15 | 0.11 | 70 | Municipal Bonds | SSAQX vs ELFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | SSAQX vs SVPFX | |
| State Street Emerging Markets Equity Index Fund | 0.47 | 0.49 | — | 92 | Emerging Markets Diversified | SSAQX vs SSKEX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.33 | 0.42 | 72 | Large Cap Blend Equities | SSAQX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.60 | 0.58 | 0.64 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | SSAQX vs SGOIX |
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