Looking to diversify beyond STGIX? The mutual funds below have the lowest correlation with STGIX — 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 STGIX.
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 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.10 | 0.06 | 0.06 | 97 | Event Driven | STGIX vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.21 | 0.22 | 0.20 | 97 | Bank Loan | STGIX vs SAMBX | |
| Loomis Sayles Securitized Asset Fund | 0.76 | 0.87 | 0.89 | 65 | Intermediate Core Bond | STGIX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.82 | 0.88 | 0.89 | 55 | Intermediate Core Bond | STGIX vs PCGTX |
Diversification Analysis
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