Looking to diversify beyond SUNBX? The mutual funds below have the lowest correlation with SUNBX — 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 SUNBX.
Best Diversifiers for SUNBX
7 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 -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.02 | -0.02 | 0.07 | 74 | Nontraditional Bonds | SUNBX vs PMOTX | |
| Artisan Global Unconstrained Fund | 0.01 | -0.18 | — | 99 | Nontraditional Bonds | SUNBX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | SUNBX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.04 | -0.03 | 0.03 | 99 | Nontraditional Bonds | SUNBX vs SCFZX | |
| Dunham Long/Short Credit Fund | 0.17 | -0.13 | -0.12 | 93 | Nontraditional Bonds | SUNBX vs DCAIX |
See all 21 diversifiers for SUNBX
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