Looking to diversify beyond SSDOX? The mutual funds below have historically moved differently from SSDOX, 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 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 0.36, up from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.36 | 0.26 | 0.21 | 79 | Municipal Bonds | SSDOX vs ELFTX | |
| State Street S&P 500 Index Fund Class N | 0.75 | 0.78 | 0.86 | 75 | Large Cap Blend Equities | SSDOX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.76 | 81 | Target Retirement Date | SSDOX vs TDIFX | |
| State Street Hedged International Developed Equity... | 0.82 | 0.78 | 0.82 | 86 | Foreign Large Cap Equities | SSDOX vs SSHQX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 85 | Target Retirement Date | SSDOX vs PDAHX |
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