Looking to diversify beyond SBLGX? The mutual funds below have the lowest correlation with SBLGX — 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 SBLGX.
Best Diversifiers for SBLGX
49 mutual funds have low correlation with SBLGX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Short Duration Municipal Income Fund (SHDAX) (Municipal Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Short Duration Municipal Income Fund | 0.06 | 0.06 | 0.08 | 75 | Municipal Bonds | SBLGX vs SHDAX | |
| Western Asset Pennsylvania Municipals Fund | 0.09 | 0.10 | 0.11 | 81 | Municipal Bonds | SBLGX vs SBPAX | |
| Franklin Connecticut Tax-Free Income Fund | 0.11 | 0.12 | 0.13 | 72 | Municipal Bonds | SBLGX vs FXCTX | |
| Western Asset Intermediate Maturity CA Municipals ... | 0.11 | 0.09 | 0.10 | 77 | Municipal Bonds | SBLGX vs ITCAX | |
| Franklin Pennsylvania Tax-Free Income Fund | 0.12 | 0.11 | 0.12 | 67 | Municipal Bonds | SBLGX vs FRPAX |
See all 124 diversifiers for SBLGX
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