Looking to diversify beyond DIFIX? The mutual funds below have historically moved differently from DIFIX, 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 DIFIX
3 mutual funds have low correlation with DIFIX (below 0.3), 0 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 0.02, down from 0.24 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... | 0.02 | 0.16 | 0.24 | 83 | Diversified Portfolio | DIFIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.14 | 0.41 | 66 | Diversified Portfolio | DIFIX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.26 | 0.32 | 0.35 | 84 | Diversified Portfolio | DIFIX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.38 | 0.45 | 0.58 | 87 | Diversified Portfolio | DIFIX vs EKBAX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.40 | 0.47 | 0.56 | 62 | Diversified Portfolio | DIFIX vs ABIEX |
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