Looking to diversify beyond SSHFX? The mutual funds below have historically moved differently from SSHFX, 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 SSHFX
3 mutual funds have low correlation with SSHFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.11, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.11 | 0.47 | 0.61 | 62 | Quality Factor, Large Cap Value Equities | SSHFX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.18 | 0.50 | 0.64 | 93 | Large Cap Value Equities | SSHFX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.53 | 0.73 | 72 | Dividend, Large Cap Value Equities | SSHFX vs LEIFX | |
| AMG Yacktman Focused Fund | 0.40 | 0.61 | 0.74 | 89 | Large Cap Value Equities | SSHFX vs YAFFX | |
| Buffalo Flexible Income Fund | 0.40 | 0.64 | 0.74 | 87 | Large Cap Value Equities | SSHFX vs BUFBX |
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