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SEI Institutional Investments Trust Real Return Fund (RRPAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal circumstances, the fund will invest a significant portion of its assets in investment grade fixed income securities, including inflation-indexed bonds of varying maturities issued by the U.S. Treasury, other U.S. government agencies and instrumentalities. An inflation-indexed bond is a bond that is structured so that its principal value will change with inflation. Treasury Inflation-Protected Securities (TIPS) are a type of inflation-indexed bond in which the fund may invest. The fund's exposure to fixed income securities is not restricted by maturity requirements.

Looking to diversify beyond RRPAX? The mutual funds below have the lowest correlation with RRPAX — 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 RRPAX.

Best Diversifiers for RRPAX

12 mutual funds have low correlation with RRPAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional International Trust Emerging Markets Equity Fund (SIEMX) (Emerging Markets Diversified) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIEMX
SEI Institutional International Trust Emerging Mar...0.010.090.08
87
Emerging Markets DiversifiedRRPAX vs SIEMX
SEITX
SEI Institutional International Trust Internationa...0.030.140.14
50
Foreign Large Cap EquitiesRRPAX vs SEITX
SPIIX
SEI S&P 500 Index Fund Class I0.050.110.13
61
Large Cap Blend EquitiesRRPAX vs SPIIX
SPINX
SEI Institutional Investments Trust S&P 500 Index ...0.060.100.13
67
S&P 500RRPAX vs SPINX
SMSAX
SEI Institutional Managed Trust Multi-Strategy Alt...0.080.150.14
90
MultistrategyRRPAX vs SMSAX
See all 28 diversifiers for RRPAX

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