Looking to diversify beyond RRPAX? The mutual funds below have historically moved differently from RRPAX, 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 RRPAX
14 mutual funds have low correlation with RRPAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional International Trust International Equity Fund (SEITX) (Foreign Large Cap Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional International Trust Internationa... | 0.05 | 0.13 | 0.15 | 79 | Foreign Large Cap Equities | RRPAX vs SEITX | |
| SEI S&P 500 Index Fund Class I | 0.07 | 0.10 | 0.13 | 53 | Large Cap Blend Equities | RRPAX vs SPIIX | |
| SEI Institutional Managed Trust Multi-Strategy Alt... | 0.07 | 0.14 | 0.14 | 86 | Multistrategy | RRPAX vs SMSAX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.07 | 0.10 | 0.13 | 61 | S&P 500 | RRPAX vs SPINX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.07 | 0.27 | 0.22 | 100 | Ultrashort Bond | RRPAX vs ENIAX |
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