Looking to diversify beyond LDRAX? The mutual funds below have historically moved differently from LDRAX, 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 LDRAX
4 mutual funds have low correlation with LDRAX (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 -0.18, down from 0.10 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 | -0.18 | 0.09 | 0.10 | 86 | Inflation-Protected Bonds | LDRAX vs SEIAX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.17 | 0.25 | 0.22 | 100 | Ultrashort Bond | LDRAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.23 | 0.15 | 0.10 | 68 | Emerging Markets Equities | LDRAX vs SIEMX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.25 | 0.16 | 0.12 | 73 | Emerging Markets Equities | LDRAX vs SMQFX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.31 | 0.23 | 0.17 | 59 | S&P 500 | LDRAX vs SPINX |
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