Looking to diversify beyond SFBPX? The mutual funds below have the lowest correlation with SFBPX — 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 SFBPX.
Best Diversifiers for SFBPX
1 mutual funds have low correlation with SFBPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.23 | 0.52 | 63 | Diversified Portfolio | SFBPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.62 | 96 | Diversified Portfolio | SFBPX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.61 | 95 | Diversified Portfolio | SFBPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.62 | 96 | Diversified Portfolio | SFBPX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.59 | 0.62 | 96 | Diversified Portfolio | SFBPX vs FSRRX |
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