Looking to diversify beyond SBSTX? The mutual funds below have the lowest correlation with SBSTX — 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 SBSTX.
Best Diversifiers for SBSTX
5 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 0.12, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.12 | 0.42 | 0.46 | 57 | Short-Term Bond | SBSTX vs GPARX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.31 | 0.24 | 89 | Diversified Portfolio | SBSTX vs FRIAX | |
| DFA Short-Duration Real Return Portfolio | 0.24 | 0.21 | 0.31 | 98 | Short-Term Bond | SBSTX vs DFAIX | |
| Leader Short Term High Yield Bond Fund | 0.25 | 0.20 | 0.21 | 79 | Short-Term Bond | SBSTX vs LCCMX | |
| GuidepathConservative Income Fund | 0.26 | 0.34 | 0.37 | 99 | Short-Term Bond | SBSTX vs GPICX |
See all 16 diversifiers for SBSTX
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