Looking to diversify beyond SENYX? The mutual funds below have historically moved differently from SENYX, 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 SENYX
15 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 0.12, down from 0.22 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 ... | 0.12 | 0.20 | 0.22 | 100 | Ultrashort Bond | SENYX vs ENIAX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.19 | 0.16 | 0.12 | 61 | S&P 500 | SENYX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.20 | 0.16 | 0.12 | 53 | Large Cap Blend Equities | SENYX vs SPIIX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.20 | 0.13 | 0.10 | 51 | Large Cap Blend Equities | SENYX vs SDLAX | |
| BlackRock MuniYield Michigan Quality Fund | 0.22 | 0.45 | 0.43 | 58 | Municipal Bonds | SENYX vs MIY |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SENYX
Add SENYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SENYX