Looking to diversify beyond SEQAX? The mutual funds below have historically moved differently from SEQAX, 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 SEQAX
1 mutual funds have low correlation with SEQAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Dividend) with a 1Y correlation of 0.24, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.24 | 0.52 | 0.73 | 72 | Dividend, Large Cap Value Equities | SEQAX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.32 | 0.51 | 0.65 | 93 | Dividend | SEQAX vs SVAAX | |
| Guggenheim Limited Duration Fund | 0.34 | 0.24 | 0.21 | 94 | Short-Term Bond | SEQAX vs GILHX | |
| GQG Partners Global Quality Dividend Income Fund | 0.38 | 0.62 | 0.72 | 70 | Quality Factor, Global Equities | SEQAX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.33 | 0.39 | 90 | Multistrategy, Systematic Trend, Global Equities | SEQAX vs MBXIX |
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