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
5 mutual funds have low correlation with SVBAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.47 | 70 | Diversified Portfolio | SVBAX vs MHELX | |
| John Hancock High Yield Municipal Bond Fund | 0.28 | 0.23 | 0.20 | 53 | High Yield Muni | SVBAX vs JHTFX | |
| Nuveen Minnesota Municipal Bond Fund | 0.29 | 0.24 | 0.20 | 75 | Municipal Bonds | SVBAX vs FJMNX | |
| John Hancock California Municipal Bond Fund | 0.29 | 0.26 | 0.21 | 64 | Municipal Bonds | SVBAX vs TACAX | |
| JHancock Municipal Opportunities Fund | 0.30 | 0.24 | 0.20 | 69 | Municipal Bonds | SVBAX vs TAMBX |
See all 87 diversifiers for SVBAX
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