Looking to diversify beyond SESVX? The mutual funds below have historically moved differently from SESVX, 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 SESVX
2 mutual funds have low correlation with SESVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.27, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.27 | 0.13 | 0.07 | 97 | Equity Market Neutral | SESVX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.28 | 0.13 | 0.07 | 97 | Equity Market Neutral | SESVX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.30 | 0.23 | 0.11 | 66 | Systematic Trend | SESVX vs ASFYX | |
| Aegis Value Fund Class I | 0.40 | 0.49 | 0.57 | 94 | Small Cap Value Equities | SESVX vs AVALX | |
| BlackRock Enhanced Equity Dividend Trust | 0.58 | 0.63 | 0.69 | 64 | Derivative Income | SESVX vs BDJ |
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