Looking to diversify beyond SBMIX? The mutual funds below have the lowest correlation with SBMIX — 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 SBMIX.
Best Diversifiers for SBMIX
2 mutual funds have low correlation with SBMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.05 | 0.14 | 0.10 | 91 | Ultrashort Bond | SBMIX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.19 | 0.53 | 70 | Diversified Portfolio | SBMIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.58 | 82 | Diversified Portfolio | SBMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.58 | 86 | Diversified Portfolio | SBMIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.58 | 88 | Diversified Portfolio | SBMIX vs FIQDX |
See all 30 diversifiers for SBMIX
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Diversification Analysis
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