Looking to diversify beyond CAVAX? The mutual funds below have historically moved differently from CAVAX, 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 CAVAX
10 mutual funds have low correlation with CAVAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.23, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.23 | -0.04 | 0.09 | 86 | Inflation-Protected Bonds | CAVAX vs SEIAX | |
| SEI Institutional Managed Trust Real Return Fund | 0.06 | 0.10 | 0.15 | 64 | Inflation-Protected Bonds | CAVAX vs SRAAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.08 | 0.12 | 0.14 | 78 | Inflation-Protected Bonds | CAVAX vs RRPAX | |
| SEI Daily Income Ultra Short Duration Bond Fund | 0.13 | 0.10 | 0.08 | 98 | Ultrashort Bond | CAVAX vs SECPX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.18 | 0.16 | 0.21 | 100 | Ultrashort Bond | CAVAX vs ENIAX |
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