Looking to diversify beyond SBDAX? The mutual funds below have historically moved differently from SBDAX, 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 SBDAX
29 mutual funds have low correlation with SBDAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.21 | 0.01 | 0.05 | 86 | Inflation-Protected Bonds | SBDAX vs SEIAX | |
| DFA California Municipal Real Return Portfolio | -0.01 | 0.17 | 0.23 | 91 | Municipal Bonds | SBDAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.21 | 0.25 | 94 | Municipal Bonds | SBDAX vs DMREX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.09 | 0.19 | 0.22 | 100 | Ultrashort Bond | SBDAX vs ENIAX | |
| SEI Institutional Investments Trust Small Cap Fund | 0.20 | 0.14 | 0.10 | 67 | Small Cap Blend Equities | SBDAX vs SLPAX |
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