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 0.07, 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 | 0.07 | 0.07 | 0.08 | 78 | Municipal Bonds | SBLGX vs SHDAX | |
| Western Asset Pennsylvania Municipals Fund | 0.08 | 0.10 | 0.11 | 80 | Municipal Bonds | SBLGX vs SBPAX | |
| Western Asset Managed Municipals Fund | 0.09 | 0.12 | 0.13 | 75 | Municipal Bonds | SBLGX vs SHMMX | |
| Western Asset Intermediate-Term Municipals Fund | 0.10 | 0.10 | 0.11 | 65 | Municipal Bonds | SBLGX vs SBLTX | |
| Western Asset Massachusetts Municipals Fund | 0.10 | 0.11 | 0.11 | 75 | Municipal Bonds | SBLGX vs SLMMX |
See all 119 diversifiers for SBLGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SBLGX
Add SBLGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SBLGX