Looking to diversify beyond SACAX? The mutual funds below have the lowest correlation with SACAX — 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 SACAX.
Best Diversifiers for SACAX
6 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 -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.02 | 0.13 | 73 | Diversified Portfolio | SACAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.53 | 64 | Diversified Portfolio | SACAX vs MHELX | |
| Principal Tax-Exempt Bond Fund | 0.15 | 0.16 | 0.12 | 59 | Municipal Bonds | SACAX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.16 | 0.16 | 0.13 | 62 | High Yield Muni | SACAX vs PMOAX | |
| Principal California Municipal Fund | 0.25 | 0.19 | 0.14 | 63 | Municipal Bonds | SACAX vs SRCMX |
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