Looking to diversify beyond STXAX? The mutual funds below have historically moved differently from STXAX, 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 STXAX
3 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 0.29, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.29 | 0.34 | 0.27 | 91 | Diversified Portfolio | STXAX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.29 | 0.34 | 0.26 | 94 | Diversified Portfolio | STXAX vs FRIAX | |
| Templeton Institutional Fund International Equity ... | 0.30 | 0.19 | 0.14 | 60 | Foreign Large Cap Equities | STXAX vs TFEQX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.62 | — | — | 63 | High Yield Muni | STXAX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.62 | 0.72 | 0.71 | 88 | High Yield Muni | STXAX vs NVHIX |
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