Looking to diversify beyond SSBRX? The mutual funds below have the lowest correlation with SSBRX — 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 SSBRX.
Best Diversifiers for SSBRX
0 mutual funds have low correlation with SSBRX (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 0.37, up from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.37 | 0.33 | 0.27 | 64 | Municipal Bonds | SSBRX vs ELFTX | |
| State Street S&P 500 Index Fund Class N | 0.65 | 0.75 | 0.83 | 76 | Large Cap Blend Equities | SSBRX vs SVSPX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.77 | — | — | 71 | Target Retirement Date | SSBRX vs FAELX | |
| John Hancock Funds Multimanager 2055 Lifetime Port... | 0.79 | 0.84 | 0.89 | 56 | Target Retirement Date | SSBRX vs JLKUX | |
| Fidelity Advisor 529 Aggressive Growth Portfolio C... | 0.80 | 0.83 | 0.88 | 77 | Target Retirement Date | SSBRX vs FFRGX |
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