Looking to diversify beyond STLEX? The mutual funds below have the lowest correlation with STLEX — 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 STLEX.
Best Diversifiers for STLEX
0 mutual funds have low correlation with STLEX (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 0.38, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.38 | 0.24 | 0.15 | 96 | Equity Market Neutral | STLEX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.32 | 0.14 | 51 | Systematic Trend | STLEX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.77 | 0.75 | 0.81 | 50 | Technology Equities | STLEX vs BGSAX | |
| Dimensional Retirement Income Fund | 0.79 | 0.77 | 0.74 | 84 | Target Retirement Date | STLEX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.75 | 0.75 | 84 | Target Retirement Date | STLEX vs FRQHX |
See all 63 diversifiers for STLEX
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Diversification Analysis
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