Looking to diversify beyond SUNBX? The mutual funds below have historically moved differently from SUNBX, 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 SUNBX
8 mutual funds have low correlation with SUNBX (below 0.3), 1 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.05 | -0.03 | 0.07 | 88 | Nontraditional Bonds | SUNBX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | — | — | 100 | Nontraditional Bonds | SUNBX vs CBYYX | |
| Artisan Global Unconstrained Fund | 0.04 | -0.15 | — | 99 | Nontraditional Bonds | SUNBX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 0.04 | 0.06 | 0.03 | 100 | Nontraditional Bonds | SUNBX vs CELFX | |
| PGIM Securitized Credit Fund | 0.04 | -0.01 | 0.04 | 100 | Nontraditional Bonds | SUNBX vs SCFZX |
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