Looking to diversify beyond SBFAX? The mutual funds below have historically moved differently from SBFAX, 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 SBFAX
3 mutual funds have low correlation with SBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.09 | 0.11 | 0.06 | 66 | Systematic Trend | SBFAX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.15 | 0.08 | 0.05 | 97 | Equity Market Neutral | SBFAX vs BDMIX | |
| Fidelity Asset Manager 40% Fund | 0.29 | 0.49 | 0.58 | 78 | Diversified Portfolio | SBFAX vs FFANX | |
| Fidelity Asset Manager 70% Fund | 0.31 | 0.52 | 0.64 | 75 | Diversified Portfolio, Actively Managed | SBFAX vs FASGX | |
| Fidelity Asset Manager 85% Fund | 0.32 | 0.52 | 0.65 | 74 | Diversified Portfolio | SBFAX vs FAMRX |
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