Looking to diversify beyond SBSTX? The mutual funds below have historically moved differently from SBSTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SBSTX
8 mutual funds have low correlation with SBSTX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.07, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.07 | 0.39 | 0.45 | 69 | Short-Term Bond | SBSTX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.16 | 0.04 | 0.30 | 100 | Short-Term Bond | SBSTX vs DFCFX | |
| Templeton Institutional Fund International Equity ... | 0.24 | 0.19 | 0.15 | 63 | Foreign Large Cap Equities | SBSTX vs TFEQX | |
| Leader Short Term High Yield Bond Fund | 0.24 | 0.19 | 0.21 | 84 | Short-Term Bond | SBSTX vs LCCMX | |
| Franklin Income Fund Advisor Class | 0.25 | 0.29 | 0.25 | 93 | Diversified Portfolio | SBSTX vs FRIAX |
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