Looking to diversify beyond SSHIX? The mutual funds below have historically moved differently from SSHIX, 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 SSHIX
14 mutual funds have low correlation with SSHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.10 | 0.06 | 0.18 | 84 | Short-Term Bond | SSHIX vs LCCMX | |
| Allspring Absolute Return Fund | 0.10 | 0.27 | 0.22 | 86 | Global Allocation | SSHIX vs WARAX | |
| Allspring Emerging Markets Equity Income Fund | 0.14 | 0.11 | 0.11 | 63 | Dividend, Emerging Markets Equities | SSHIX vs EQIIX | |
| Allspring Real Return Fund | 0.18 | 0.37 | 0.46 | 66 | Inflation-Protected Bonds | SSHIX vs IPBAX | |
| Allspring Emerging Markets Equity Fund | 0.19 | 0.15 | 0.14 | 51 | Emerging Markets Equities | SSHIX vs EMGAX |
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