Looking to diversify beyond STMGX? The mutual funds below have historically moved differently from STMGX, 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 STMGX
1 mutual funds have low correlation with STMGX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM US Real Estate Fund (PJEZX) (REIT) with a 1Y correlation of 0.27, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM US Real Estate Fund | 0.27 | 0.46 | 0.55 | 76 | REIT | STMGX vs PJEZX | |
| American Beacon Developing World Income Fund Class... | 0.31 | 0.27 | 0.28 | 99 | Emerging Markets Bonds | STMGX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 0.32 | 0.26 | 0.27 | 98 | Emerging Markets Bonds | STMGX vs AGEPX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.39 | 0.21 | 0.07 | 93 | Systematic Trend | STMGX vs AHLPX | |
| Principal Diversified Real Asset Fund | 0.41 | 0.51 | 0.57 | 87 | Global Allocation | STMGX vs PDRDX |
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