Looking to diversify beyond SSMKX? The mutual funds below have historically moved differently from SSMKX, 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 SSMKX
1 mutual funds have low correlation with SSMKX (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 0.30, up from 0.13 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 | 0.30 | 0.16 | 0.13 | 63 | Municipal Bonds | SSMKX vs ELFTX | |
| State Street Hedged International Developed Equity... | 0.64 | 0.63 | 0.68 | 89 | Foreign Large Cap Equities | SSMKX vs SSHQX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.64 | 0.63 | 0.67 | 75 | Global Equities | SSMKX vs SSGLX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.64 | 0.63 | 0.67 | 75 | Foreign Large Cap Equities | SSMKX vs SSGJX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | 0.65 | 0.63 | 0.67 | 76 | Foreign Large Cap Equities | SSMKX vs SSGVX |
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