Looking to diversify beyond SVTAX? The mutual funds below have historically moved differently from SVTAX, 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 SVTAX
12 mutual funds have low correlation with SVTAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.13 | 0.08 | 0.09 | 97 | Equity Market Neutral | SVTAX vs BDMIX | |
| American Funds The New Economy Fund Class R-3 | 0.16 | 0.43 | 0.58 | 63 | Global Equities | SVTAX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.16 | 0.43 | 0.58 | 70 | Global Equities | SVTAX vs NEFFX | |
| American Funds The New Economy Fund Class A | 0.16 | 0.43 | 0.58 | 72 | Global Equities, Actively Managed | SVTAX vs ANEFX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.18 | 0.20 | 0.05 | 66 | Systematic Trend | SVTAX vs ASFYX |
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