Looking to diversify beyond SBASX? The mutual funds below have historically moved differently from SBASX, 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 SBASX
2 mutual funds have low correlation with SBASX (below 0.3), 0 of which are negatively correlated. The least correlated is Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Segall Bryant & Hamill Colorado Tax Free Fund | 0.21 | 0.14 | 0.12 | 88 | Municipal Bonds | SBASX vs WTCOX | |
| Segall Bryant & Hamill Municipal Opportunities Fun... | 0.24 | 0.17 | 0.13 | 77 | Municipal Bonds | SBASX vs WITAX | |
| Segall Bryant & Hamill Quality High Yield Fund | 0.54 | 0.50 | 0.49 | 90 | High Yield Bonds | SBASX vs WTLTX | |
| Segall Bryant & Hamill International Small Cap Fun... | 0.55 | 0.58 | 0.64 | 72 | Foreign Small & Mid Cap Equities | SBASX vs SBSIX | |
| Segall Bryant & Hamill Emerging Markets Fund | 0.58 | 0.55 | 0.58 | 54 | Emerging Markets Equities | SBASX vs SBEMX |
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