Looking to diversify beyond SMBPX? The mutual funds below have historically moved differently from SMBPX, 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 SMBPX
30 mutual funds have low correlation with SMBPX (below 0.3), 4 of which are negatively correlated. The least correlated is DFA Two-Year Government Portfolio (DFYGX) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Government Portfolio | -0.06 | -0.04 | 0.05 | 99 | Ultrashort Bond | SMBPX vs DFYGX | |
| DFA One Year Fixed Income Portfolio | -0.05 | -0.05 | 0.03 | 100 | Ultrashort Bond | SMBPX vs DFIHX | |
| Navigator Ultra Short Term Bond Fund | -0.02 | 0.09 | 0.09 | 100 | Ultrashort Bond | SMBPX vs NUSIX | |
| CrossingBridge Ultra-Short Duration Fund | -0.01 | 0.05 | 0.06 | 99 | Ultrashort Bond | SMBPX vs CBUDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.01 | 0.20 | 0.14 | 99 | Ultrashort Bond | SMBPX vs FCNVX |
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