Looking to diversify beyond SVBAX? The mutual funds below have historically moved differently from SVBAX, 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 SVBAX
4 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 -0.22, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.04 | 0.10 | 83 | Diversified Portfolio | SVBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.45 | 68 | Diversified Portfolio | SVBAX vs MHELX | |
| JHancock Real Estate Securities Fund | 0.17 | 0.43 | 0.56 | 73 | REIT | SVBAX vs JIREX | |
| JHancock Infrastructure Fund | 0.27 | 0.40 | 0.56 | 80 | Infrastructure Equities, Energy Equities | SVBAX vs JEEIX | |
| John Hancock High Yield Municipal Bond Fund | 0.30 | 0.23 | 0.21 | 68 | High Yield Muni | SVBAX vs JHTFX |
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