Looking to diversify beyond SECEX? The mutual funds below have historically moved differently from SECEX, 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 SECEX
4 mutual funds have low correlation with SECEX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Ultra Short Duration Fund (GIYIX) (Ultrashort Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | 0.20 | 0.15 | 0.16 | 99 | Ultrashort Bond | SECEX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.22 | 0.14 | 0.17 | 90 | Municipal Bonds | SECEX vs GIJAX | |
| Guggenheim Alpha Opportunity Fund | 0.28 | 0.28 | 0.34 | 83 | Long-Short | SECEX vs SAOAX | |
| Guggenheim Limited Duration Fund | 0.29 | 0.19 | 0.19 | 94 | Short-Term Bond | SECEX vs GILHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.17 | 0.15 | 97 | Large Cap Blend Equities | SECEX vs SVPFX |
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