Looking to diversify beyond SSHQX? The mutual funds below have the lowest correlation with SSHQX — 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 SSHQX.
Best Diversifiers for SSHQX
1 mutual funds have low correlation with SSHQX (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 0.29, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.29 | 0.18 | 0.11 | 72 | Municipal Bonds | SSHQX vs ELFTX | |
| AQR Long-Short Equity Fund | 0.40 | 0.37 | 0.31 | 53 | Long-Short | SSHQX vs QLEIX | |
| Kopernik International Fund | 0.44 | 0.34 | 0.46 | 54 | Foreign Large Cap Equities | SSHQX vs KGIIX | |
| EuroPac International Dividend Income Fund Class A | 0.47 | 0.48 | 0.54 | 74 | Foreign Large Cap Equities, Dividend | SSHQX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.47 | 0.48 | 0.54 | 75 | Foreign Large Cap Equities | SSHQX vs EPDIX |
See all 49 diversifiers for SSHQX
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