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SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund will invest, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade municipal securities that pay interest that is exempt from federal income tax, including, but not limited to, municipal bonds, notes and commercial paper.

Looking to diversify beyond SEIMX? The mutual funds below have the lowest correlation with SEIMX — 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 SEIMX.

Best Diversifiers for SEIMX

32 mutual funds have low correlation with SEIMX (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 0.07, down from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENIAX
SEI Institutional Investments Trust Opportunistic ...0.070.170.21
99
Ultrashort BondSEIMX vs ENIAX
SLPAX
SEI Institutional Investments Trust Small Cap Fund0.170.120.09
56
Small Cap Blend EquitiesSEIMX vs SLPAX
SECAX
SEI Institutional Investments Trust Small Cap II F...0.170.120.09
70
Small Cap Blend EquitiesSEIMX vs SECAX
SPIIX
SEI S&P 500 Index Fund Class I0.190.140.11
60
Large Cap Blend EquitiesSEIMX vs SPIIX
SPINX
SEI Institutional Investments Trust S&P 500 Index ...0.190.140.11
65
S&P 500SEIMX vs SPINX
See all 60 diversifiers for SEIMX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SEIMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEIMX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
STAG
STAG Industrial, Inc.0.230.160.14
57
Real Estate

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