Looking to diversify beyond SSBWX? The mutual funds below have the lowest correlation with SSBWX — 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 SSBWX.
Best Diversifiers for SSBWX
0 mutual funds have low correlation with SSBWX (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 0.36, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.36 | 0.31 | 0.25 | 72 | Municipal Bonds | SSBWX vs ELFTX | |
| State Street Emerging Markets Equity Index Fund | 0.62 | 0.62 | 0.64 | 89 | Emerging Markets Diversified | SSBWX vs SSKEX | |
| State Street S&P 500 Index Fund Class N | 0.72 | 0.77 | 0.84 | 83 | Large Cap Blend Equities | SSBWX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.78 | 0.74 | 0.78 | 72 | Foreign Large Cap Equities | SSBWX vs SSHQX | |
| Fidelity Stock Selector Large Cap Value Fund | 0.78 | 0.78 | 0.82 | 71 | Large Cap Value Equities | SSBWX vs FSLVX |
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