Looking to diversify beyond SACAX? The mutual funds below have historically moved differently from SACAX, 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 SACAX
5 mutual funds have low correlation with SACAX (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 -0.22, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.03 | 0.09 | 83 | Diversified Portfolio | SACAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.50 | 66 | Diversified Portfolio | SACAX vs MHELX | |
| Principal Tax-Exempt Bond Fund | 0.20 | 0.16 | 0.14 | 70 | Municipal Bonds | SACAX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.25 | 0.16 | 0.14 | 91 | High Yield Muni | SACAX vs PMOAX | |
| Principal California Municipal Fund | 0.28 | 0.19 | 0.15 | 71 | Municipal Bonds | SACAX vs SRCMX |
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