Looking to diversify beyond SBI? The mutual funds below have historically moved differently from SBI, 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 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 0.30, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.30 | 0.40 | 0.38 | 58 | Intermediate Core Bond | SBI vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.34 | 0.41 | 0.38 | 64 | Intermediate Core Bond | SBI vs LSSAX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.37 | 0.44 | 0.39 | 65 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | SBI vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.39 | 0.44 | 0.41 | 64 | Intermediate Core Bond | SBI vs STWTX | |
| Western Asset Managed Municipals Fund Class 1 | 0.41 | 0.43 | 0.41 | 85 | Municipal Bonds | SBI vs SMMOX |
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