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SIT Small Cap Growth Fund (SSMGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund seeks to achieve its objective by investing, under normal market conditions, at least 80% of its net assets in common stocks of companies with capitalizations at the time of purchase of up to $3.0 billion, or up to the market capitalization of the largest company included in the Russell 2000 Index measured at the end of the previous twelve months. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index (which is made up of the 3,000 largest U.S. companies based on total market capitalization).

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

2 mutual funds have low correlation with SSMGX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Tax Free Income Fund (SNTIX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SNTIX
SIT Tax Free Income Fund0.140.100.14
74
Municipal BondsSSMGX vs SNTIX
SMTFX
SIT Minnesota Tax Free Income Fund0.150.080.11
80
Municipal BondsSSMGX vs SMTFX
SDMGX
SIT Developing Markets Growth Fund0.510.580.63
91
Emerging Markets DiversifiedSSMGX vs SDMGX
TGFRX
Tanaka Growth Fund0.720.740.79
54
Mid Cap Growth EquitiesSSMGX vs TGFRX
OEGAX
Invesco Discovery Mid Cap Growth Fund Class A0.740.840.88
54
Mid Cap Growth EquitiesSSMGX vs OEGAX
See all 17 diversifiers for SSMGX

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