Looking to diversify beyond SSFNX? The mutual funds below have historically moved differently from SSFNX, 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 SSFNX
0 mutual funds have low correlation with SSFNX (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 0.40, roughly unchanged from 0.31 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 | 0.40 | 0.36 | 0.31 | 79 | Municipal Bonds | SSFNX vs ELFTX | |
| Vanguard Equity Income Fund Admiral Shares | 0.66 | 0.70 | 0.73 | 84 | Dividend, Large Cap Value Equities | SSFNX vs VEIRX | |
| State Street S&P 500 Index Fund Class N | 0.68 | 0.71 | 0.78 | 75 | Large Cap Blend Equities | SSFNX vs SVSPX | |
| State Street Hedged International Developed Equity... | 0.75 | 0.67 | 0.70 | 86 | Foreign Large Cap Equities | SSFNX vs SSHQX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.78 | — | — | 59 | Target Retirement Date | SSFNX vs FAELX |
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