Looking to diversify beyond STMGX? The mutual funds below have the lowest correlation with STMGX — 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 STMGX.
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 American Beacon Frontier Markets Income Fund (AGEPX) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.26 | 0.24 | 0.27 | 98 | Emerging Markets Bonds | STMGX vs AGEPX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.35 | 0.20 | 0.07 | 87 | Systematic Trend | STMGX vs AHLPX | |
| Principal Diversified Real Asset Fund | 0.40 | 0.53 | 0.59 | 73 | Global Allocation | STMGX vs PDRDX | |
| American Beacon SiM High Yld Opps Fund | 0.44 | 0.42 | 0.45 | 96 | High Yield Bonds | STMGX vs SHYPX | |
| PGIM High Yield Fund | 0.47 | 0.43 | 0.46 | 72 | High Yield Bonds | STMGX vs PBHAX |
See all 18 diversifiers for STMGX
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