Looking to diversify beyond SEHAX? The mutual funds below have the lowest correlation with SEHAX — 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 SEHAX.
Best Diversifiers for SEHAX
3 mutual funds have low correlation with SEHAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) (Municipal Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.20 | 0.14 | 0.11 | 66 | Municipal Bonds | SEHAX vs SEIMX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.22 | 0.17 | 0.19 | 99 | Ultrashort Bond | SEHAX vs ENIAX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.22 | 0.16 | 0.10 | 54 | Municipal Bonds | SEHAX vs SBDAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.16 | 0.13 | 72 | Large Cap Blend Equities | SEHAX vs SVPFX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.48 | 0.40 | 0.41 | 99 | Diversified Portfolio | SEHAX vs STDAX |
See all 46 diversifiers for SEHAX
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