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
4 mutual funds have low correlation with SBMIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.03 | 0.10 | 76 | Diversified Portfolio | SBMIX vs SIFAX | |
| Saratoga Municipal Bond Portfolio | 0.05 | 0.15 | 0.10 | 93 | Ultrashort Bond | SBMIX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.21 | 0.54 | 63 | Diversified Portfolio | SBMIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.51 | 0.58 | 96 | Diversified Portfolio | SBMIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.51 | 0.58 | 95 | Diversified Portfolio | SBMIX vs FCSRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SBMIX
Add SBMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SBMIX