Looking to diversify beyond LDRAX? The mutual funds below have the lowest correlation with LDRAX — 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 LDRAX.
Best Diversifiers for LDRAX
3 mutual funds have low correlation with LDRAX (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 0.18, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.18 | 0.27 | 0.22 | 99 | Ultrashort Bond | LDRAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.24 | 0.16 | 0.09 | 88 | Emerging Markets Diversified | LDRAX vs SIEMX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.26 | 0.17 | 0.11 | 90 | Emerging Markets Diversified | LDRAX vs SMQFX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.32 | 0.19 | 0.10 | 53 | Large Cap Blend Equities | LDRAX vs SDLAX | |
| SEI Institutional Investments Trust Small Cap II F... | 0.33 | 0.26 | 0.13 | 70 | Small Cap Blend Equities | LDRAX vs SECAX |
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