Looking to diversify beyond STMSX? The mutual funds below have historically moved differently from STMSX, 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 STMSX
0 mutual funds have low correlation with STMSX (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 0.35, up from 0.09 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 ... | 0.35 | 0.16 | 0.09 | 97 | Equity Market Neutral | STMSX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.36 | 0.27 | 0.13 | 66 | Systematic Trend | STMSX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.64 | 0.65 | 0.71 | 64 | Derivative Income | STMSX vs BDJ | |
| DFA International Small Company Portfolio | 0.66 | 0.65 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | STMSX vs DFISX | |
| Auer Growth Fund | 0.71 | 0.77 | 0.81 | 91 | Small Cap Blend Equities | STMSX vs AUERX |
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