Looking to diversify beyond STXAX? The mutual funds below have the lowest correlation with STXAX — 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 STXAX.
Best Diversifiers for STXAX
2 mutual funds have low correlation with STXAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.18, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.18 | 0.34 | 0.26 | 87 | Diversified Portfolio | STXAX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.23 | 0.34 | 0.26 | 92 | Diversified Portfolio | STXAX vs FRIAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.62 | 0.71 | 0.71 | 62 | High Yield Muni | STXAX vs NVHIX | |
| Counterpoint Tactical Municipal Fund | 0.66 | 0.67 | 0.64 | 58 | High Yield Muni | STXAX vs TMNIX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.68 | 0.82 | 0.85 | 60 | High Yield Muni | STXAX vs RTHAX |
See all 24 diversifiers for STXAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements STXAX
Add STXAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STXAX