Looking to diversify beyond SBLTX? The mutual funds below have the lowest correlation with SBLTX — 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 SBLTX.
Best Diversifiers for SBLTX
11 mutual funds have low correlation with SBLTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.31 | 0.36 | 99 | Municipal Bonds | SBLTX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.36 | 99 | Municipal Bonds | SBLTX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.31 | — | 100 | Municipal Bonds | SBLTX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.32 | 0.41 | 99 | Municipal Bonds | SBLTX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.26 | 0.19 | 0.14 | 99 | Municipal Bonds | SBLTX vs FHMIX |
See all 21 diversifiers for SBLTX
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