Looking to diversify beyond SEIMX? The mutual funds below have historically moved differently from SEIMX, 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 SEIMX
28 mutual funds have low correlation with SEIMX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.19, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.19 | 0.04 | 0.07 | 86 | Inflation-Protected Bonds | SEIMX vs SEIAX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.06 | 0.16 | 0.20 | 100 | Ultrashort Bond | SEIMX vs ENIAX | |
| SEI Institutional Managed Trust Real Return Fund | 0.19 | 0.31 | 0.29 | 65 | Inflation-Protected Bonds | SEIMX vs SRAAX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.27 | 0.27 | 100 | Municipal Bonds | SEIMX vs ATOIX | |
| SEI Institutional Investments Trust Small Cap Fund | 0.20 | 0.13 | 0.10 | 67 | Small Cap Blend Equities | SEIMX vs SLPAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SEIMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.22 | 0.15 | 0.14 | 70 | Real Estate |
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