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Franklin Multi-Asset Defensive Growth Fund (SBCPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund is a fund of funds—it invests in other mutual funds and may also invest in exchange-traded funds (“ETFs”). It is managed as an asset allocation program and allocates its assets among mutual funds and ETFs managed by the manager and its affiliates. The portfolio managers will allocate between 15% to 45% of the fund's assets to underlying funds that invest in equity and equity-like strategies and between 55% to 85% of the fund's assets to underlying funds that invest in fixed income strategies.

Looking to diversify beyond SBCPX? The mutual funds below have the lowest correlation with SBCPX — 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 SBCPX.

Best Diversifiers for SBCPX

1 mutual funds have low correlation with SBCPX (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 0.08, down from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.170.43
63
Diversified PortfolioSBCPX vs MHELX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.310.580.63
96
Diversified PortfolioSBCPX vs FSIRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.320.570.63
96
Diversified PortfolioSBCPX vs FIQDX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.320.580.63
95
Diversified PortfolioSBCPX vs FCSRX
FSRRX
Fidelity Strategic Real Return Fund0.330.580.64
96
Diversified PortfolioSBCPX vs FSRRX
See all 22 diversifiers for SBCPX

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Diversification Analysis

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