Looking to diversify beyond SSHQX? The mutual funds below have historically moved differently from SSHQX, 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 SSHQX
0 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 0.33, up from 0.12 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 | 0.33 | 0.18 | 0.12 | 79 | Municipal Bonds | SSHQX vs ELFTX | |
| Federated Hermes International Strategic Value Div... | 0.35 | 0.40 | 0.54 | 88 | Foreign Large Cap Equities | SSHQX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.42 | 0.59 | 0.67 | 61 | Foreign Large Cap Equities | SSHQX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.42 | 0.59 | 0.66 | 61 | Foreign Large Cap Equities | SSHQX vs GSINX | |
| AQR Long-Short Equity Fund | 0.44 | 0.39 | 0.31 | 78 | Long-Short | SSHQX vs QLEIX |
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