Looking to diversify beyond SSFEX? The mutual funds below have the lowest correlation with SSFEX — 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 SSFEX.
Best Diversifiers for SSFEX
5 mutual funds have low correlation with SSFEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Total Bond Market) with a 1Y correlation of 0.09, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.09 | 0.23 | 0.25 | 99 | Total Bond Market | SSFEX vs FCNVX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.11 | -0.25 | -0.28 | 99 | Total Bond Market | SSFEX vs JSOSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.12 | 0.19 | 0.22 | 99 | Total Bond Market | SSFEX vs FJTDX | |
| State Street S&P 500 Index Fund Class N | 0.25 | 0.21 | 0.15 | 83 | Large Cap Blend Equities | SSFEX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.26 | 0.16 | 0.09 | 72 | Foreign Large Cap Equities | SSFEX vs SSHQX |
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