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State Street Equity 500 Index Fund (STFAX) Diversifiers

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

The investment seeks to replicate as closely as possible, before expenses, the performance of the Standard & Poor's 500 Index. The fund uses a passive management strategy designed to track the performance of the S&P 500. The index is a well-known stock market index that includes common stocks of 500 companies from a number of sectors and that measures the performance of the large-cap sector of the U.S. equities market. The advisor generally intends to invest in all stocks comprising the S&P 500 in approximate proportion to their weightings in the index.

Looking to diversify beyond STFAX? The mutual funds below have the lowest correlation with STFAX — 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 STFAX.

Best Diversifiers for STFAX

2 mutual funds have low correlation with STFAX (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 0.19, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ELFTX
Elfun Tax Exempt Income Fund0.190.150.11
70
Municipal BondsSTFAX vs ELFTX
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.260.130.12
73
Large Cap Blend EquitiesSTFAX vs SVPFX
ORDNX
North Square Preferred and Income Securities Fund0.480.340.42
72
Large Cap Blend EquitiesSTFAX vs ORDNX
SGOIX
First Eagle Overseas Fund Class I0.620.600.66
57
Large Cap Blend Equities, Foreign Large Cap EquitiesSTFAX vs SGOIX
RCKSX
Rock Oak Core Growth Fund0.630.710.81
56
Large Cap Blend EquitiesSTFAX vs RCKSX
See all 43 diversifiers for STFAX

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