Looking to diversify beyond STPAX? The mutual funds below have historically moved differently from STPAX, 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 STPAX
2 mutual funds have low correlation with STPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.02 | 0.04 | 0.04 | 95 | Ultrashort Bond | STPAX vs SMBPX | |
| Saratoga Health & Biotechnology Fund | 0.06 | 0.27 | 0.42 | 71 | Health & Biotech Equities | STPAX vs SHPAX | |
| ARK Venture Fund | 0.41 | 0.53 | — | 99 | Technology Equities | STPAX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.54 | 0.60 | 0.70 | 58 | Technology Equities | STPAX vs GTTIX | |
| Saratoga International Equity Portfolio | 0.62 | 0.60 | 0.64 | 68 | Foreign Large Cap Equities | STPAX vs SIEPX |
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