Looking to diversify beyond STSVX? The mutual funds below have historically moved differently from STSVX, 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 STSVX
1 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 0.28, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.28 | 0.27 | 0.29 | 83 | Bank Loan | STSVX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.52 | 0.64 | 0.68 | 86 | Energy Equities | STSVX vs DLDRX | |
| BNY Mellon Global Equity Income Fund | 0.69 | 0.72 | 0.76 | 87 | Dividend, Global Equities | STSVX vs DQEIX | |
| Hennessy Cornerstone Growth Fund | 0.70 | 0.81 | 0.82 | 51 | Small Cap Blend Equities | STSVX vs HFCGX | |
| BNY Mellon Equity Income Fund | 0.71 | 0.74 | 0.81 | 92 | Dividend, Large Cap Value Equities | STSVX vs DQIRX |
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