Looking to diversify beyond SAMIX? The mutual funds below have the lowest correlation with SAMIX — 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 SAMIX.
Best Diversifiers for SAMIX
3 mutual funds have low correlation with SAMIX (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 -0.23, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.06 | 0.08 | 58 | Diversified Portfolio | SAMIX vs SIFAX | |
| Saratoga Municipal Bond Portfolio | 0.02 | 0.13 | 0.09 | 93 | Ultrashort Bond | SAMIX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.16 | 0.52 | 69 | Diversified Portfolio | SAMIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.59 | 79 | Diversified Portfolio | SAMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.59 | 83 | Diversified Portfolio | SAMIX vs FIQDX |
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