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State Farm Municipal Bond Fund (SFBDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund invests primarily in a diversified selection of municipal bonds (for example, general obligation bonds of a state or bonds financing a specific project) with maturities of one to seventeen years. A majority of the fund's investments are in issues with maturities longer than five years. It normally invests at least 70% of its total assets in municipal bonds rated A or better by Moody's or S&P, meaning that up to 30% of the fund's total assets may be invested in medium and lower-quality bonds.

Looking to diversify beyond SFBDX? The mutual funds below have the lowest correlation with SFBDX — 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 SFBDX.

Best Diversifiers for SFBDX

12 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 0.22 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DCARX
DFA California Municipal Real Return Portfolio0.050.180.22
95
Municipal BondsSFBDX vs DCARX
DMREX
DFA Municipal Real Return Portfolio0.070.210.24
95
Municipal BondsSFBDX vs DMREX
DFABX
DFA Short-Term Selective State Municipal Bond Port...0.190.280.41
100
Municipal BondsSFBDX vs DFABX
STFGX
State Farm Growth Fund0.190.150.11
87
Large Cap Blend EquitiesSFBDX vs STFGX
DNYMX
DFA NY Municipal Bond Portfolio0.220.300.42
99
Municipal BondsSFBDX vs DNYMX
See all 24 diversifiers for SFBDX

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