Looking to diversify beyond SVOAX? The mutual funds below have the lowest correlation with SVOAX — 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 SVOAX.
Best Diversifiers for SVOAX
3 mutual funds have low correlation with SVOAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Technology Opportunities Fund Investor A (BGSAX) (Technology Equities) with a 1Y correlation of 0.17, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Technology Opportunities Fund Investor A | 0.17 | 0.30 | 0.43 | 66 | Technology Equities | SVOAX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.23 | 0.10 | 0.09 | 95 | Long-Short | SVOAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.29 | 0.21 | 0.10 | 60 | Systematic Trend | SVOAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.35 | 0.42 | 0.53 | 70 | Large Cap Growth Equities | SVOAX vs NASDX | |
| Rational Equity Armor Fund | 0.35 | 0.46 | 0.61 | 55 | Large Cap Value Equities | SVOAX vs HDCTX |
See all 39 diversifiers for SVOAX
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