Looking to diversify beyond SABIX? The mutual funds below have the lowest correlation with SABIX — 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 SABIX.
Best Diversifiers for SABIX
2 mutual funds have low correlation with SABIX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.04 | 0.11 | 0.08 | 91 | Ultrashort Bond | SABIX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.53 | 70 | Diversified Portfolio | SABIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.59 | 88 | Diversified Portfolio | SABIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.60 | 82 | Diversified Portfolio | SABIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.59 | 86 | Diversified Portfolio | SABIX vs FSIRX |
See all 28 diversifiers for SABIX
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