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Western Asset Mortgage Total Return Fund (SGVAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of its assets in mortgage-backed securities. Mortgage-backed securities may be issued by private issuers, U.S. government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and by agencies of the U.S. government, such as the Government National Mortgage Association. It may invest in government stripped mortgage-backed securities and other stripped securities. The fund may invest in securities of any maturity or duration, and the securities may have fixed, floating or variable rates.

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

Best Diversifiers for SGVAX

0 mutual funds have low correlation with SGVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.38, roughly unchanged from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FRIAX
Franklin Income Fund Advisor Class0.380.500.37
89
Diversified PortfolioSGVAX vs FRIAX
FKINX
Franklin Income Fund Class A10.390.480.37
84
Diversified PortfolioSGVAX vs FKINX
LCTRX
Leader Capital High Quality Floating Rate Fund Inv...0.460.260.18
94
Intermediate Core-Plus BondSGVAX vs LCTRX
LCTIX
Leader Capital High Quality Income Fund Institutio...0.480.240.16
95
Intermediate Core-Plus BondSGVAX vs LCTIX
HOBIX
Holbrook Income Fund Class I0.500.410.43
98
Intermediate Core-Plus BondSGVAX vs HOBIX
See all 10 diversifiers for SGVAX

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