Looking to diversify beyond SENYX? The mutual funds below have the lowest correlation with SENYX — 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 SENYX.
Best Diversifiers for SENYX
16 mutual funds have low correlation with SENYX (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 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.13 | 0.21 | 0.22 | 99 | Ultrashort Bond | SENYX vs ENIAX | |
| SEI S&P 500 Index Fund Class I | 0.15 | 0.16 | 0.11 | 61 | Large Cap Blend Equities | SENYX vs SPIIX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.15 | 0.16 | 0.11 | 67 | S&P 500 | SENYX vs SPINX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.16 | 0.13 | 0.09 | 54 | Large Cap Blend Equities | SENYX vs SDLAX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.43 | 99 | Municipal Bonds | SENYX vs DNYMX |
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