Looking to diversify beyond SEIAX? The mutual funds below have historically moved differently from SEIAX, 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 SEIAX
28 mutual funds have low correlation with SEIAX (below 0.3), 15 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) (High Yield Bonds) with a 1Y correlation of -0.30, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust High Yield Bon... | -0.30 | -0.01 | 0.11 | 54 | High Yield Bonds | SEIAX vs SGYAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.29 | -0.03 | 0.05 | 99 | Diversified Portfolio | SEIAX vs STDAX | |
| SEI S&P 500 Index Fund Class I | -0.29 | -0.11 | 0.05 | 53 | Large Cap Blend Equities | SEIAX vs SPIIX | |
| SEI Institutional Investments Trust S&P 500 Index ... | -0.27 | -0.10 | 0.05 | 61 | S&P 500 | SEIAX vs SPINX | |
| SEI Institutional Investments Trust Dynamic Asset ... | -0.27 | -0.08 | 0.09 | 51 | Large Cap Blend Equities | SEIAX vs SDLAX |
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