Looking to diversify beyond SGYAX? The mutual funds below have historically moved differently from SGYAX, 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 SGYAX
8 mutual funds have low correlation with SGYAX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.30, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.30 | -0.01 | 0.11 | 86 | Inflation-Protected Bonds | SGYAX vs SEIAX | |
| Fairholme Focused Income Fund | -0.11 | 0.17 | 0.29 | 73 | High Yield Bonds | SGYAX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.07 | 0.06 | 0.05 | 100 | High Yield Bonds | SGYAX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.07 | 0.11 | 100 | Bank Loan, High Yield Bonds | SGYAX vs CCLFX | |
| SEI Institutional Managed Trust Real Return Fund | 0.12 | 0.26 | 0.28 | 64 | Inflation-Protected Bonds | SGYAX vs SRAAX |
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