Looking to diversify beyond SEMPX? The mutual funds below have the lowest correlation with SEMPX — 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 SEMPX.
Best Diversifiers for SEMPX
9 mutual funds have low correlation with SEMPX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.08, up from -0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.08 | -0.24 | — | 99 | Nontraditional Bonds | SEMPX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | SEMPX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.11 | 0.06 | 0.04 | 67 | Nontraditional Bonds | SEMPX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.12 | 0.05 | 99 | Nontraditional Bonds | SEMPX vs EIGMX | |
| Dunham Long/Short Credit Fund | 0.14 | -0.01 | 0.04 | 92 | Nontraditional Bonds | SEMPX vs DCAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEMPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEMPX and solid risk/return profiles. The least correlated is Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) (Financial Services) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.11 | 0.12 | 0.09 | 81 | Financial Services |
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