Looking to diversify beyond SENCX? The mutual funds below have historically moved differently from SENCX, 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 SENCX
1 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 0.16, up from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.16 | 0.06 | 0.03 | 99 | Ultrashort Bond | SENCX vs TSDOX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.12 | 96 | Large Cap Blend Equities | SENCX vs SVPFX | |
| Touchstone Mid Cap Value Fund | 0.46 | 0.61 | 0.73 | 74 | Mid Cap Value Equities | SENCX vs TCVIX | |
| Rock Oak Core Growth Fund | 0.50 | 0.65 | 0.75 | 91 | Large Cap Blend Equities | SENCX vs RCKSX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.34 | 0.38 | 54 | Preferred Stock | SENCX vs ORDNX |
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