Looking to diversify beyond SSKEX? The mutual funds below have the lowest correlation with SSKEX — 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 SSKEX.
Best Diversifiers for SSKEX
1 mutual funds have low correlation with SSKEX (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 0.22, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.22 | 0.13 | 0.12 | 72 | Municipal Bonds | SSKEX vs ELFTX | |
| Principal Equity Income Fund | 0.37 | 0.41 | 0.49 | 71 | Large Cap Value Equities | SSKEX vs PQIAX | |
| Invesco Discovery Fund | 0.40 | 0.43 | 0.49 | 79 | Small Cap Growth Equities | SSKEX vs OPOCX | |
| Vanguard Small-Cap Index Fund Institutional Shares | 0.42 | 0.44 | 0.50 | 55 | Small Cap Blend Equities | SSKEX vs VSCIX | |
| State Street S&P 500 Index Fund Class N | 0.42 | 0.46 | 0.50 | 83 | Large Cap Blend Equities | SSKEX vs SVSPX |
See all 163 diversifiers for SSKEX
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