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
3 mutual funds have low correlation with SBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.11, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.11 | 0.10 | 0.07 | 51 | Systematic Trend | SBFAX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.17 | 0.09 | 0.05 | 96 | Equity Market Neutral | SBFAX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.18 | 0.34 | 0.49 | 59 | Large Cap Growth Equities | SBFAX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.33 | 0.50 | 0.59 | 77 | Diversified Portfolio | SBFAX vs FFANX | |
| Fidelity Asset Manager 70% Fund | 0.35 | 0.53 | 0.65 | 74 | Diversified Portfolio | SBFAX vs FASGX |
See all 13 diversifiers for SBFAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SBFAX
Add SBFAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SBFAX