Looking to diversify beyond SBFAX? The mutual funds below have the lowest correlation with SBFAX — 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 SBFAX.
Best Diversifiers for SBFAX
4 mutual funds have low correlation with SBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Technology Opportunities Fund Investor A (BGSAX) (Technology Equities) with a 1Y correlation of 0.10, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Technology Opportunities Fund Investor A | 0.10 | 0.26 | 0.44 | 66 | Technology Equities | SBFAX vs BGSAX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.14 | 0.12 | 0.08 | 60 | Systematic Trend | SBFAX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.19 | 0.09 | 0.06 | 95 | Long-Short | SBFAX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.24 | 0.35 | 0.50 | 70 | Large Cap Growth Equities | SBFAX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.39 | 0.52 | 0.60 | 79 | Diversified Portfolio | SBFAX vs FFANX |
See all 14 diversifiers for SBFAX
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