Looking to diversify beyond SENJX? The mutual funds below have historically moved differently from SENJX, 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 SENJX
15 mutual funds have low correlation with SENJX (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 0.11, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.11 | 0.19 | 0.21 | 100 | Ultrashort Bond | SENJX vs ENIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.37 | 100 | Municipal Bonds | SENJX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.24 | 0.27 | 100 | Municipal Bonds | SENJX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.24 | 0.22 | 99 | Municipal Bonds | SENJX vs TFCYX | |
| SEI S&P 500 Index Fund Class I | 0.24 | 0.17 | 0.12 | 53 | Large Cap Blend Equities | SENJX vs SPIIX |
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