Looking to diversify beyond SEAIX? The mutual funds below have the lowest correlation with SEAIX — 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 SEAIX.
Best Diversifiers for SEAIX
3 mutual funds have low correlation with SEAIX (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 0.22, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.22 | 0.20 | 0.25 | 99 | Ultrashort Bond | SEAIX vs ENIAX | |
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.10 | -0.02 | 86 | Global Allocation | SEAIX vs LFMIX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.27 | 0.21 | 0.19 | 69 | Municipal Bonds | SEAIX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.31 | 0.23 | 0.19 | 52 | Municipal Bonds | SEAIX vs SBDAX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.31 | 0.30 | 0.30 | 64 | Intermediate Core-Plus Bond | SEAIX vs SEATX |
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