Looking to diversify beyond SBLGX? The mutual funds below have historically moved differently from SBLGX, 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 SBLGX
46 mutual funds have low correlation with SBLGX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.20, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.20 | 0.03 | 0.17 | 71 | Energy Equities | SBLGX vs VENAX | |
| Western Asset Pennsylvania Municipals Fund | 0.13 | 0.10 | 0.12 | 78 | Municipal Bonds | SBLGX vs SBPAX | |
| Franklin Virginia Tax Free Income Fund | 0.13 | 0.10 | 0.12 | 70 | Municipal Bonds | SBLGX vs FRVAX | |
| Franklin Pennsylvania Tax-Free Income Fund | 0.14 | 0.11 | 0.13 | 56 | Municipal Bonds | SBLGX vs FRPAX | |
| Western Asset Municipal High Income Fund | 0.14 | 0.11 | 0.13 | 62 | High Yield Muni | SBLGX vs STXAX |
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