Looking to diversify beyond IUAIX? The mutual funds below have the lowest correlation with IUAIX — 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 IUAIX.
Best Diversifiers for IUAIX
2 mutual funds have low correlation with IUAIX (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 -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.04 | 0.14 | 0.25 | 76 | Diversified Portfolio | IUAIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.17 | 0.28 | 0.57 | 69 | Diversified Portfolio | IUAIX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.35 | 0.39 | 0.42 | 99 | Diversified Portfolio | IUAIX vs STDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.57 | 0.64 | 95 | Diversified Portfolio | IUAIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.64 | 96 | Diversified Portfolio | IUAIX vs FSIRX |
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