Looking to diversify beyond SIBAX? The mutual funds below have the lowest correlation with SIBAX — 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 SIBAX.
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 -0.30, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.30 | -0.13 | 0.00 | 60 | Diversified Portfolio | SIBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.46 | 67 | Diversified Portfolio | SIBAX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.19 | 0.40 | 0.53 | 52 | Diversified Portfolio | SIBAX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.20 | 0.39 | 0.47 | 86 | Diversified Portfolio | SIBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.20 | 0.39 | 0.47 | 90 | Diversified Portfolio | SIBAX vs FSIRX |
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