Looking to diversify beyond SENCX? The mutual funds below have the lowest correlation with SENCX — 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 SENCX.
Best Diversifiers for SENCX
2 mutual funds have low correlation with SENCX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.15, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.15 | 0.06 | 0.02 | 98 | Ultrashort Bond | SENCX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.20 | 0.13 | 0.11 | 58 | Municipal Bonds | SENCX vs TOHAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.14 | 0.12 | 70 | Large Cap Blend Equities | SENCX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.34 | 0.39 | 68 | Large Cap Blend Equities | SENCX vs ORDNX | |
| Touchstone Mid Cap Value Fund | 0.51 | 0.63 | 0.74 | 58 | Mid Cap Value Equities | SENCX vs TCVIX |
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