Looking to diversify beyond SBBAX? The mutual funds below have the lowest correlation with SBBAX — 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 SBBAX.
Best Diversifiers for SBBAX
1 mutual funds have low correlation with SBBAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.48 | 67 | Diversified Portfolio | SBBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.56 | 0.63 | 82 | Diversified Portfolio | SBBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.56 | 0.63 | 86 | Diversified Portfolio | SBBAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.56 | 0.63 | 88 | Diversified Portfolio | SBBAX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.57 | 0.64 | 87 | Diversified Portfolio | SBBAX vs FSRRX |
See all 23 diversifiers for SBBAX
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