Looking to diversify beyond SBI? The mutual funds below have the lowest correlation with SBI — 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 SBI.
Best Diversifiers for SBI
1 mutual funds have low correlation with SBI (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) (Intermediate Core Bond) with a 1Y correlation of 0.24, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.24 | 0.41 | 0.37 | 54 | Intermediate Core Bond | SBI vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.30 | 0.42 | 0.38 | 64 | Intermediate Core Bond | SBI vs LSSAX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.37 | 0.44 | 0.41 | 53 | Intermediate Core Bond | SBI vs STWTX |
Diversification Analysis
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