Looking to diversify beyond SEGMX? The mutual funds below have historically moved differently from SEGMX, 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 SEGMX
5 mutual funds have low correlation with SEGMX (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 0.10, roughly unchanged from 0.19 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 ... | 0.10 | 0.21 | 0.19 | 100 | Ultrashort Bond | SEGMX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.19 | 0.14 | 0.11 | 72 | Emerging Markets Equities | SEGMX vs SIEMX | |
| GMO U.S. Treasury Fund | 0.24 | 0.12 | 0.09 | 99 | Government Bonds | SEGMX vs GUSTX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.28 | 0.20 | 0.18 | 73 | S&P 500 | SEGMX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.29 | 0.21 | 0.18 | 67 | Large Cap Blend Equities | SEGMX vs SPIIX |
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