Looking to diversify beyond SVSPX? The mutual funds below have the lowest correlation with SVSPX — 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 SVSPX.
Best Diversifiers for SVSPX
2 mutual funds have low correlation with SVSPX (below 0.3), 0 of which are negatively correlated. The least correlated is Elfun Tax Exempt Income Fund (ELFTX) (Municipal Bonds) with a 1Y correlation of 0.21, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.21 | 0.15 | 0.11 | 72 | Municipal Bonds | SVSPX vs ELFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.18 | 0.14 | 72 | Large Cap Blend Equities | SVSPX vs SVPFX | |
| State Street Emerging Markets Equity Index Fund | 0.42 | 0.46 | 0.50 | 89 | Emerging Markets Diversified | SVSPX vs SSKEX | |
| PIMCO All Asset Fund | 0.42 | 0.49 | 0.57 | 89 | Tactical Allocation | SVSPX vs PAAIX | |
| DFA U.S. Targeted Value Portfolio | 0.44 | 0.58 | 0.69 | 59 | Small Cap Value Equities | SVSPX vs DFFVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SVSPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVSPX and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.11, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.11 | 0.10 | 0.20 | 90 | Energy | |
| Rigetti Computing Inc | 0.34 | 0.36 | 0.35 | 68 | Technology | |
| Arista Networks, Inc. | 0.45 | 0.51 | 0.59 | 85 | Technology | |
| Vertiv Holdings Co. | 0.50 | 0.52 | 0.58 | 95 | Industrials |
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