Looking to diversify beyond SSSYX? The mutual funds below have historically moved differently from SSSYX, 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 SSSYX
1 mutual funds have low correlation with SSSYX (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 0.24, 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 | 0.24 | 0.15 | 0.12 | 68 | Municipal Bonds | SSSYX vs ELFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.15 | 0.13 | 96 | Large Cap Blend Equities | SSSYX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.41 | 54 | Preferred Stock | SSSYX vs ORDNX | |
| State Street Emerging Markets Equity Index Fund | 0.54 | 0.50 | 0.54 | 73 | Emerging Markets Equities | SSSYX vs SSKEX | |
| State Street International Stock Selection Fund | 0.56 | 0.53 | 0.63 | 54 | Foreign Large Cap Equities | SSSYX vs SSAIX |
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