Looking to diversify beyond SXMAX? The mutual funds below have the lowest correlation with SXMAX — 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 SXMAX.
Best Diversifiers for SXMAX
4 mutual funds have low correlation with SXMAX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.19 | 0.49 | 64 | Diversified Portfolio | SXMAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.13 | 0.17 | 0.20 | 100 | Ultrashort Bond | SXMAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.26 | 0.20 | 0.16 | 67 | Municipal Bonds | SXMAX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.27 | 0.21 | 0.15 | 54 | Municipal Bonds | SXMAX vs SBDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.63 | 95 | Diversified Portfolio | SXMAX vs FCSRX |
See all 28 diversifiers for SXMAX
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