Looking to diversify beyond CFVAX? The mutual funds below have the lowest correlation with CFVAX — 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 CFVAX.
Best Diversifiers for CFVAX
4 mutual funds have low correlation with CFVAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.19 | 0.28 | 0.24 | 99 | Ultrashort Bond | CFVAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.20 | 0.16 | 0.10 | 79 | Emerging Markets Diversified | CFVAX vs SIEMX | |
| SEI S&P 500 Index Fund Class I | 0.28 | 0.22 | 0.16 | 51 | Large Cap Blend Equities | CFVAX vs SPIIX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.28 | 0.21 | 0.16 | 55 | S&P 500 | CFVAX vs SPINX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.35 | 0.30 | 0.34 | 99 | Diversified Portfolio | CFVAX vs STDAX |
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