Looking to diversify beyond STMSX? The mutual funds below have the lowest correlation with STMSX — 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 STMSX.
Best Diversifiers for STMSX
1 mutual funds have low correlation with STMSX (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 0.29, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.15 | 0.09 | 92 | Long-Short | STMSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.26 | 0.14 | 67 | Systematic Trend | STMSX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.63 | 0.70 | 75 | Large Cap Growth Equities | STMSX vs NASDX | |
| Auer Growth Fund | 0.74 | 0.78 | 0.82 | 90 | Small Cap Blend Equities | STMSX vs AUERX | |
| iShares S&P 500 Index Fund | 0.77 | 0.76 | 0.82 | 73 | S&P 500 | STMSX vs WFSPX |
See all 30 diversifiers for STMSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements STMSX
Add STMSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STMSX