Looking to diversify beyond SSDOX? The mutual funds below have the lowest correlation with SSDOX — 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 SSDOX.
Best Diversifiers for SSDOX
0 mutual funds have low correlation with SSDOX (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 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.34 | 0.26 | 0.21 | 76 | Municipal Bonds | SSDOX vs ELFTX | |
| State Street S&P 500 Index Fund Class N | 0.73 | 0.78 | 0.86 | 80 | Large Cap Blend Equities | SSDOX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 83 | Target Retirement Date | SSDOX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.77 | 0.78 | 84 | Target Retirement Date | SSDOX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.78 | 70 | Target Retirement Date | SSDOX vs FRQIX |
See all 62 diversifiers for SSDOX
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