Looking to diversify beyond STFBX? The mutual funds below have the lowest correlation with STFBX — 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 STFBX.
Best Diversifiers for STFBX
2 mutual funds have low correlation with STFBX (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 0.07, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.48 | 67 | Diversified Portfolio | STFBX vs MHELX | |
| State Farm Municipal Bond Fund | 0.21 | 0.20 | 0.15 | 68 | Municipal Bonds | STFBX vs SFBDX | |
| Fidelity Strategic Real Return Fund | 0.36 | 0.51 | 0.59 | 87 | Diversified Portfolio | STFBX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.50 | 0.59 | 82 | Diversified Portfolio | STFBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.50 | 0.58 | 88 | Diversified Portfolio | STFBX vs FIQDX |
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