Looking to diversify beyond SSDJX? The mutual funds below have the lowest correlation with SSDJX — 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 SSDJX.
Best Diversifiers for SSDJX
0 mutual funds have low correlation with SSDJX (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 0.34, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.34 | 0.27 | 0.20 | 72 | Municipal Bonds | SSDJX vs ELFTX | |
| State Street S&P 500 Index Fund Class N | 0.73 | 0.78 | 0.86 | 83 | Large Cap Blend Equities | SSDJX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 77 | Target Retirement Date | SSDJX vs TDIFX | |
| State Street Hedged International Developed Equity... | 0.80 | 0.78 | 0.82 | 72 | Foreign Large Cap Equities | SSDJX vs SSHQX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.85 | 79 | Target Retirement Date | SSDJX vs PDAHX |
See all 72 diversifiers for SSDJX
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