Looking to diversify beyond SEBLX? The mutual funds below have the lowest correlation with SEBLX — 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 SEBLX.
Best Diversifiers for SEBLX
11 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 -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.05 | 0.08 | 76 | Diversified Portfolio | SEBLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.17 | 0.48 | 63 | Diversified Portfolio | SEBLX vs MHELX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.15 | 0.09 | 0.09 | 98 | Ultrashort Bond | SEBLX vs TSDOX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.45 | 0.53 | 95 | Diversified Portfolio | SEBLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.45 | 0.53 | 96 | Diversified Portfolio | SEBLX vs FSIRX |
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