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SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield fixed income securities. It invests primarily in fixed income securities rated below investment grade, including corporate bonds and debentures, convertible and preferred securities, zero coupon obligations and tranches of collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs). The fund uses a multi-manager approach, relying upon a number of Sub-Advisers with differing investment philosophies to manage portions of the fund's portfolio under the general supervision of SIMC.

Looking to diversify beyond SGYAX? The mutual funds below have the lowest correlation with SGYAX — 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 SGYAX.

Best Diversifiers for SGYAX

6 mutual funds have low correlation with SGYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.070.070.10
100
High Yield BondsSGYAX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.080.070.06
100
High Yield BondsSGYAX vs XILSX
SRAAX
SEI Institutional Managed Trust Real Return Fund0.100.260.28
60
Inflation-Protected BondsSGYAX vs SRAAX
RRPAX
SEI Institutional Investments Trust Real Return Fu...0.130.270.29
74
Inflation-Protected BondsSGYAX vs RRPAX
ENIAX
SEI Institutional Investments Trust Opportunistic ...0.170.200.32
99
Ultrashort BondSGYAX vs ENIAX
See all 74 diversifiers for SGYAX

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