Looking to diversify beyond SEFIX? The mutual funds below have historically moved differently from SEFIX, 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 SEFIX
4 mutual funds have low correlation with SEFIX (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 0.09, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.09 | 0.17 | 0.15 | 100 | Ultrashort Bond | SEFIX vs ENIAX | |
| DFA Two Year Global Fixed Income Portfolio | 0.22 | 0.11 | 0.32 | 100 | Global Bonds | SEFIX vs DFGFX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.29 | 0.22 | 0.16 | 59 | S&P 500 | SEFIX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.29 | 0.21 | 0.15 | 52 | Large Cap Blend Equities | SEFIX vs SPIIX | |
| SEI Institutional International Trust Emerging Mar... | 0.34 | 0.23 | 0.15 | 68 | Emerging Markets Equities | SEFIX vs SIEMX |
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