Looking to diversify beyond STGIX? The mutual funds below have historically moved differently from STGIX, 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 STGIX
2 mutual funds have low correlation with STGIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.14, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.14 | 0.05 | 0.07 | 97 | Event Driven | STGIX vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.19 | 0.21 | 0.21 | 97 | Bank Loan | STGIX vs SAMBX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.31 | 0.36 | 0.28 | 66 | REIT | STGIX vs PHRAX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.70 | 0.71 | 0.68 | 56 | Intermediate Core Bond | STGIX vs STWTX |
Diversification Analysis
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