Looking to diversify beyond SABIX? The mutual funds below have historically moved differently from SABIX, 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 SABIX
6 mutual funds have low correlation with SABIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.27, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | -0.08 | 0.07 | 83 | Diversified Portfolio | SABIX vs SIFAX | |
| Saratoga Municipal Bond Portfolio | 0.02 | 0.11 | 0.08 | 94 | Ultrashort Bond | SABIX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.51 | 68 | Diversified Portfolio | SABIX vs MHELX | |
| Saratoga Health & Biotechnology Fund | 0.28 | 0.46 | 0.56 | 74 | Health & Biotech Equities | SABIX vs SHPAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.49 | 0.58 | 91 | Diversified Portfolio | SABIX vs FIQDX |
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