Looking to diversify beyond SSASX? The mutual funds below have the lowest correlation with SSASX — 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 SSASX.
Best Diversifiers for SSASX
4 mutual funds have low correlation with SSASX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street S&P 500 Index Fund Class N (SVSPX) (Large Cap Blend Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street S&P 500 Index Fund Class N | 0.23 | 0.21 | 0.15 | 83 | Large Cap Blend Equities | SSASX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.24 | 0.15 | 0.09 | 72 | Foreign Large Cap Equities | SSASX vs SSHQX | |
| State Street Equity 500 Index Fund Class K | 0.27 | 0.20 | 0.15 | 66 | S&P 500, Large Cap Blend Equities | SSASX vs SSSYX | |
| State Street Equity 500 Index II Portfolio | 0.27 | 0.21 | 0.15 | 65 | Large Cap Blend Equities | SSASX vs SSEYX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.34 | 0.26 | 0.20 | 66 | Foreign Large Cap Equities | SSASX vs SSGJX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSASX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSASX and solid risk/return profiles. The least correlated is BlackRock, Inc. (BLK) (Financial Services) with a 1Y correlation of 0.21, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock, Inc. | 0.21 | 0.22 | 0.18 | 52 | Financial Services |
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