Looking to diversify beyond SDLAX? The mutual funds below have historically moved differently from SDLAX, 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 SDLAX
11 mutual funds have low correlation with SDLAX (below 0.3), 1 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 -0.27, 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 Multi-Asset Real Return Fund Class A | -0.27 | -0.08 | 0.09 | 86 | Inflation-Protected Bonds | SDLAX vs SEIAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.11 | 0.11 | 0.14 | 78 | Inflation-Protected Bonds | SDLAX vs RRPAX | |
| SEI Institutional Managed Trust Real Return Fund | 0.12 | 0.10 | 0.15 | 64 | Inflation-Protected Bonds | SDLAX vs SRAAX | |
| SEI Daily Income Ultra Short Duration Bond Fund | 0.15 | 0.07 | 0.05 | 98 | Ultrashort Bond | SDLAX vs SECPX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.20 | 0.16 | 0.19 | 100 | Ultrashort Bond | SDLAX vs ENIAX |
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