Looking to diversify beyond SFBDX? The mutual funds below have historically moved differently from SFBDX, 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 SFBDX
11 mutual funds have low correlation with SFBDX (below 0.3), 0 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 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.05 | 0.18 | 0.23 | 91 | Municipal Bonds | SFBDX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.21 | 0.25 | 94 | Municipal Bonds | SFBDX vs DMREX | |
| State Farm Growth Fund | 0.19 | 0.15 | 0.11 | 84 | Large Cap Blend Equities | SFBDX vs STFGX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.25 | 0.26 | 100 | Municipal Bonds | SFBDX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.28 | — | 100 | Municipal Bonds | SFBDX vs DFABX |
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