Looking to diversify beyond SSASX? The mutual funds below have historically moved differently from SSASX, 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 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 0.16 over 5 years.
How candidates are selected| 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 | 0.16 | 75 | Large Cap Blend Equities | SSASX vs SVSPX | |
| State Street Equity 500 Index II Portfolio | 0.27 | 0.20 | 0.16 | 61 | Large Cap Blend Equities | SSASX vs SSEYX | |
| State Street Equity 500 Index Fund Class K | 0.28 | 0.20 | 0.16 | 63 | S&P 500, Large Cap Blend Equities | SSASX vs SSSYX | |
| State Street Hedged International Developed Equity... | 0.29 | 0.14 | 0.10 | 86 | Foreign Large Cap Equities | SSASX vs SSHQX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | 0.35 | 0.25 | 0.21 | 73 | Foreign Large Cap Equities | SSASX vs SSGVX |
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