Looking to diversify beyond STSVX? The mutual funds below have the lowest correlation with STSVX — 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 STSVX.
Best Diversifiers for STSVX
0 mutual funds have low correlation with STSVX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Floating Rate Income Fund (DFLYX) (Bank Loan) with a 1Y correlation of 0.31, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.31 | 0.28 | 0.29 | 82 | Bank Loan | STSVX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.57 | 0.66 | 0.69 | 59 | Energy Equities | STSVX vs DLDRX | |
| BNY Mellon Global Equity Income Fund | 0.73 | 0.72 | 0.76 | 60 | Global Equities | STSVX vs DQEIX | |
| BNY Mellon Equity Income Fund | 0.74 | 0.75 | 0.81 | 89 | Large Cap Value Equities | STSVX vs DQIRX | |
| Auer Growth Fund | 0.76 | 0.81 | 0.85 | 83 | Small Cap Blend Equities | STSVX vs AUERX |
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