Looking to diversify beyond STBNX? The mutual funds below have the lowest correlation with STBNX — 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 STBNX.
Best Diversifiers for STBNX
8 mutual funds have low correlation with STBNX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.26, roughly unchanged from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.26 | -0.28 | — | 99 | Nontraditional Bonds | STBNX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.06 | 0.03 | 0.04 | 76 | Nontraditional Bonds | STBNX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | -0.04 | 0.02 | 0.08 | 75 | Nontraditional Bonds | STBNX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | — | — | 100 | Nontraditional Bonds | STBNX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.09 | 0.01 | 0.02 | 99 | Nontraditional Bonds | STBNX vs SCFZX |
See all 15 diversifiers for STBNX
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