Looking to diversify beyond SAMBX? The mutual funds below have historically moved differently from SAMBX, 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 SAMBX
23 mutual funds have low correlation with SAMBX (below 0.3), 3 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.06 | 0.03 | 93 | Bank Loan | SAMBX vs XPTFX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | -0.10 | 0.10 | 0.22 | 85 | Energy Equities | SAMBX vs VLPIX | |
| The Merger Fund Class I | -0.00 | 0.09 | 0.15 | 97 | Event Driven | SAMBX vs MERIX | |
| Virtus Duff & Phelps Global Infrastructure Fund | 0.02 | 0.15 | 0.22 | 62 | Infrastructure Equities, Energy Equities | SAMBX vs PGUAX | |
| The Merger Fund | 0.02 | 0.09 | 0.15 | 96 | Event Driven | SAMBX vs MERFX |
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