Looking to diversify beyond SVSPX? The mutual funds below have historically moved differently from SVSPX, 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 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 0.25, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Elfun Tax Exempt Income Fund | 0.25 | 0.16 | 0.12 | 79 | Municipal Bonds | SVSPX vs ELFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.19 | 0.15 | 97 | Large Cap Blend Equities | SVSPX vs SVPFX | |
| PIMCO All Asset Fund | 0.41 | 0.48 | 0.56 | 95 | Tactical Allocation | SVSPX vs PAAIX | |
| Rock Oak Core Growth Fund | 0.42 | 0.59 | 0.74 | 89 | Large Cap Blend Equities | SVSPX vs RCKSX | |
| Vanguard Equity Income Fund Admiral Shares | 0.42 | 0.55 | 0.70 | 84 | Dividend, Large Cap Value Equities | SVSPX vs VEIRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SVSPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.16 | 0.07 | 0.19 | 98 | Energy | |
| Arista Networks, Inc. | 0.43 | 0.51 | 0.59 | 71 | Technology | |
| Vertiv Holdings Co. | 0.52 | 0.52 | 0.58 | 76 | Industrials |
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