Looking to diversify beyond SSFEX? The mutual funds below have historically moved differently from SSFEX, 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 SSFEX
4 mutual funds have low correlation with SSFEX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.12, up from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.12 | -0.23 | -0.28 | 99 | Total Bond Market | SSFEX vs JSOSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.13 | 0.24 | 0.25 | 100 | Ultrashort Bond | SSFEX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.13 | 0.17 | 0.22 | 100 | Total Bond Market | SSFEX vs FJTDX | |
| State Street S&P 500 Index Fund Class N | 0.25 | 0.21 | 0.16 | 75 | Large Cap Blend Equities | SSFEX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.30 | 0.16 | 0.11 | 86 | Foreign Large Cap Equities | SSFEX vs SSHQX |
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