Looking to diversify beyond STBFX? The mutual funds below have historically moved differently from STBFX, 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 STBFX
37 mutual funds have low correlation with STBFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.00, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.00 | 0.00 | 0.35 | 100 | Short-Term Bond | STBFX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.03 | 0.31 | 0.44 | 69 | Short-Term Bond | STBFX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.04 | 0.13 | 0.29 | 98 | Short-Term Bond | STBFX vs DFAIX | |
| GuidepathConservative Income Fund | 0.07 | 0.22 | 0.33 | 99 | Short-Term Bond | STBFX vs GPICX | |
| Leader Short Term High Yield Bond Fund | 0.11 | 0.13 | 0.16 | 84 | Short-Term Bond | STBFX vs LCCMX |
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