PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

Mutual Fund · Currency in USD · Last updated Jul 14, 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

7 mutual funds have low correlation with SGYAX (below 0.3), 1 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 -0.28, down from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEIAX
SEI Multi-Asset Real Return Fund Class A-0.280.010.12
66
Inflation-Protected BondsSGYAX vs SEIAX
XILSX
Pioneer ILS Interval Fund0.060.060.06
100
High Yield BondsSGYAX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.080.080.11
100
High Yield BondsSGYAX vs CCLFX
SRAAX
SEI Institutional Managed Trust Real Return Fund0.120.250.28
65
Inflation-Protected BondsSGYAX vs SRAAX
RRPAX
SEI Institutional Investments Trust Real Return Fu...0.130.270.29
81
Inflation-Protected BondsSGYAX vs RRPAX
See all 77 diversifiers for SGYAX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements SGYAX

Add SGYAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SGYAX