Looking to diversify beyond SEBLX? The mutual funds below have historically moved differently from SEBLX, 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 SEBLX
12 mutual funds have low correlation with SEBLX (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 -0.30, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.30 | -0.09 | 0.06 | 83 | Diversified Portfolio | SEBLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.13 | 0.46 | 66 | Diversified Portfolio | SEBLX vs MHELX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.19 | 0.12 | 0.10 | 99 | Ultrashort Bond | SEBLX vs TSDOX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.21 | 0.42 | 0.51 | 89 | Diversified Portfolio | SEBLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.21 | 0.42 | 0.51 | 91 | Diversified Portfolio | SEBLX vs FSIRX |
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