Looking to diversify beyond STYAX? The mutual funds below have historically moved differently from STYAX, 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 STYAX
1 mutual funds have low correlation with STYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.21, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.21 | 0.16 | 0.16 | 87 | Diversified Portfolio | STYAX vs EKBAX | |
| Allspring Disciplined U.S. Core Fund | 0.35 | 0.22 | 0.17 | 65 | Large Cap Blend Equities | STYAX vs EVSAX | |
| Allspring Ultra Short-Term Income Fund | 0.37 | 0.39 | 0.46 | 99 | Ultrashort Bond | STYAX vs SADIX | |
| Allspring Small Company Value Fund | 0.37 | 0.26 | 0.18 | 73 | Small Cap Value Equities | STYAX vs SCVAX | |
| Holbrook Income Fund Class I | 0.38 | 0.32 | 0.39 | 99 | Intermediate Core-Plus Bond | STYAX vs HOBIX |
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