Looking to diversify beyond SBNYX? The mutual funds below have the lowest correlation with SBNYX — 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 SBNYX.
Best Diversifiers for SBNYX
12 mutual funds have low correlation with SBNYX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | 0.14 | 0.19 | 95 | Municipal Bonds | SBNYX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.17 | 0.21 | 95 | Municipal Bonds | SBNYX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.18 | 0.14 | 99 | Municipal Bonds | SBNYX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.30 | 0.37 | 99 | Municipal Bonds | SBNYX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.28 | — | 100 | Municipal Bonds | SBNYX vs DFABX |
See all 26 diversifiers for SBNYX
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