Looking to diversify beyond SVTAX? The mutual funds below have the lowest correlation with SVTAX — 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 SVTAX.
Best Diversifiers for SVTAX
8 mutual funds have low correlation with SVTAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.16, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.16 | 0.36 | 0.45 | 87 | Technology Equities, Global Equities | SVTAX vs PGTIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.17 | 0.35 | 0.49 | 66 | Technology Equities | SVTAX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.11 | 0.11 | 95 | Long-Short | SVTAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.28 | 0.23 | 0.07 | 60 | Systematic Trend | SVTAX vs ASFYX | |
| American Funds The New Economy Fund | 0.29 | 0.48 | 0.61 | 87 | Global Equities | SVTAX vs ANEFX |
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