Looking to diversify beyond SBPAX? The mutual funds below have the lowest correlation with SBPAX — 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 SBPAX.
Best Diversifiers for SBPAX
12 mutual funds have low correlation with SBPAX (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 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.32 | 0.37 | 99 | Municipal Bonds | SBPAX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.27 | 0.36 | 99 | Municipal Bonds | SBPAX vs DFSMX | |
| Franklin Income Fund Advisor Class | 0.20 | 0.34 | 0.25 | 89 | Diversified Portfolio | SBPAX vs FRIAX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.41 | 99 | Municipal Bonds | SBPAX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.29 | — | 100 | Municipal Bonds | SBPAX vs DFABX |
See all 21 diversifiers for SBPAX
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