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
3 mutual funds have low correlation with STFBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.02 | 0.15 | 58 | Diversified Portfolio | STFBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.47 | 69 | Diversified Portfolio | STFBX vs MHELX | |
| State Farm Municipal Bond Fund | 0.22 | 0.20 | 0.16 | 67 | Municipal Bonds | STFBX vs SFBDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.50 | 0.58 | 83 | Diversified Portfolio | STFBX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.51 | 0.58 | 79 | Diversified Portfolio | STFBX vs FCSRX |
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