Looking to diversify beyond SCOAX? The mutual funds below have the lowest correlation with SCOAX — 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 SCOAX.
Best Diversifiers for SCOAX
4 mutual funds have low correlation with SCOAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.14 | 0.29 | 0.24 | 99 | Ultrashort Bond | SCOAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.20 | 0.15 | 0.10 | 87 | Emerging Markets Diversified | SCOAX vs SIEMX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.29 | 0.21 | 0.15 | 67 | S&P 500 | SCOAX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.30 | 0.21 | 0.15 | 61 | Large Cap Blend Equities | SCOAX vs SPIIX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.31 | 0.17 | 0.11 | 54 | Large Cap Blend Equities | SCOAX vs SDLAX |
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