Looking to diversify beyond SABA? The mutual funds below have historically moved differently from SABA, 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 SABA
8 mutual funds have low correlation with SABA (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.14, 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 |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.14 | 0.04 | 0.09 | 100 | Global Bonds | SABA vs DFGFX | |
| Payden Global Low Duration Fund | 0.15 | 0.13 | 0.16 | 89 | Global Bonds | SABA vs PYGSX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.20 | 0.22 | 0.22 | 75 | Global Bonds | SABA vs PRSNX | |
| SA Global Fixed Income Fund | 0.22 | 0.13 | 0.12 | 72 | Global Bonds | SABA vs SAXIX | |
| Eaton Vance Global Bond Fund | 0.24 | 0.14 | 0.21 | 97 | Global Bonds | SABA vs EAIIX |
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