Looking to diversify beyond SVBAX? The mutual funds below have the lowest correlation with SVBAX — 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 SVBAX.
Best Diversifiers for SVBAX
6 mutual funds have low correlation with SVBAX (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 -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | -0.01 | 0.11 | 58 | Diversified Portfolio | SVBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.46 | 69 | Diversified Portfolio | SVBAX vs MHELX | |
| JHancock Real Estate Securities Fund | 0.19 | 0.44 | 0.57 | 53 | REIT | SVBAX vs JIREX | |
| JHancock Infrastructure Fund | 0.28 | 0.41 | 0.56 | 75 | Energy Equities | SVBAX vs JEEIX | |
| John Hancock High Yield Municipal Bond Fund | 0.29 | 0.23 | 0.21 | 77 | High Yield Muni | SVBAX vs JHTFX |
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