Looking to diversify beyond STNFX? The mutual funds below have historically moved differently from STNFX, 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 STNFX
2 mutual funds have low correlation with STNFX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.12 | 0.05 | 0.11 | 99 | Ultrashort Bond | STNFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.25 | 0.12 | 0.14 | 77 | Short-Term Bond | STNFX vs SSHIX | |
| Allspring Small Company Value Fund | 0.45 | 0.51 | 0.60 | 74 | Small Cap Value Equities | STNFX vs SCVAX | |
| Provident Trust Strategy Fund | 0.49 | 0.63 | 0.76 | 51 | Large Cap Growth Equities | STNFX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.65 | 0.73 | 91 | Large Cap Growth Equities | STNFX vs DNVYX |
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