Looking to diversify beyond SSMGX? The mutual funds below have the lowest correlation with SSMGX — 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 SSMGX.
Best Diversifiers for SSMGX
3 mutual funds have low correlation with SSMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Sit Quality Income Fund (SQIFX) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sit Quality Income Fund | 0.18 | 0.13 | 0.11 | 54 | Ultrashort Bond | SSMGX vs SQIFX | |
| SIT Tax Free Income Fund | 0.18 | 0.11 | 0.15 | 91 | Municipal Bonds | SSMGX vs SNTIX | |
| SIT Minnesota Tax Free Income Fund | 0.19 | 0.09 | 0.12 | 89 | Municipal Bonds | SSMGX vs SMTFX | |
| SIT Developing Markets Growth Fund | 0.57 | 0.59 | 0.64 | 74 | Emerging Markets Diversified | SSMGX vs SDMGX | |
| SIT Dividend Growth Fund | 0.77 | 0.81 | 0.84 | 74 | Large Cap Blend Equities | SSMGX vs SDVGX |
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