Looking to diversify beyond SEVAX? The mutual funds below have historically moved differently from SEVAX, 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 SEVAX
1 mutual funds have low correlation with SEVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Limited Duration Fund (GILHX) (Short-Term Bond) with a 1Y correlation of 0.29, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Limited Duration Fund | 0.29 | 0.20 | 0.16 | 94 | Short-Term Bond | SEVAX vs GILHX | |
| Guggenheim Managed Futures Strategy Fund | 0.34 | 0.33 | 0.25 | 56 | Systematic Trend | SEVAX vs RYMTX | |
| Guggenheim Macro Opportunities Fund | 0.40 | 0.39 | 0.38 | 79 | Nontraditional Bonds | SEVAX vs GIOIX | |
| Guggenheim StylePlus - Large Core Fund | 0.63 | 0.71 | 0.77 | 54 | Large Cap Blend Equities | SEVAX vs SECEX | |
| Guggenheim Directional Allocation Fund | 0.64 | 0.69 | 0.62 | 57 | Large Cap Growth Equities | SEVAX vs TVRIX |
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