Looking to diversify beyond STLFX? The mutual funds below have the lowest correlation with STLFX — 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 STLFX.
Best Diversifiers for STLFX
0 mutual funds have low correlation with STLFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.37, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.37 | 0.23 | 0.15 | 95 | Long-Short | STLFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.16 | 60 | Systematic Trend | STLFX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.76 | 0.74 | 0.72 | 77 | Target Retirement Date | STLFX vs TDIFX | |
| BlackRock Technology Opportunities Fund Investor A | 0.79 | 0.77 | 0.82 | 66 | Technology Equities | STLFX vs BGSAX | |
| Prudential Day One Income Fund | 0.82 | 0.79 | 0.80 | 79 | Target Retirement Date | STLFX vs PDAHX |
See all 89 diversifiers for STLFX
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