Looking to diversify beyond STLDX? The mutual funds below have historically moved differently from STLDX, 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 STLDX
0 mutual funds have low correlation with STLDX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.39, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.22 | 0.14 | 97 | Equity Market Neutral | STLDX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.46 | 0.29 | 0.08 | 66 | Systematic Trend | STLDX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.64 | 0.63 | 0.68 | 64 | Derivative Income | STLDX vs BDJ | |
| Dimensional Retirement Income Fund | 0.82 | 0.82 | 0.80 | 81 | Target Retirement Date | STLDX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.85 | 0.88 | 0.88 | 70 | Target Retirement Date | STLDX vs ISOLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STLDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reliance Steel & Aluminum Co. (RS) (Basic Materials) with a 1Y correlation of 0.32, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reliance Steel & Aluminum Co. | 0.32 | 0.44 | 0.47 | 85 | Basic Materials |
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