Looking to diversify beyond SIBAX? The mutual funds below have historically moved differently from SIBAX, 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 SIBAX
15 mutual funds have low correlation with SIBAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.32, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.32 | -0.16 | -0.01 | 83 | Diversified Portfolio | SIBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.12 | 0.45 | 66 | Diversified Portfolio | SIBAX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.19 | 0.39 | 0.53 | 77 | Diversified Portfolio | SIBAX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.20 | 0.38 | 0.46 | 89 | Diversified Portfolio | SIBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.21 | 0.38 | 0.47 | 91 | Diversified Portfolio | SIBAX vs FSIRX |
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