Looking to diversify beyond SIEMX? The mutual funds below have historically moved differently from SIEMX, 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 SIEMX
15 mutual funds have low correlation with SIEMX (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 -0.23, down from 0.06 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 | -0.23 | -0.03 | 0.06 | 86 | Inflation-Protected Bonds | SIEMX vs SEIAX | |
| SEI Daily Income Ultra Short Duration Bond Fund | 0.04 | 0.05 | 0.06 | 98 | Ultrashort Bond | SIEMX vs SECPX | |
| SEI Institutional Managed Trust Real Return Fund | 0.08 | 0.07 | 0.09 | 64 | Inflation-Protected Bonds | SIEMX vs SRAAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.08 | 0.09 | 0.09 | 78 | Inflation-Protected Bonds | SIEMX vs RRPAX | |
| SEI Institutional Investments Trust Ultra Short Du... | 0.10 | 0.08 | 0.08 | 98 | Ultrashort Bond | SIEMX vs SUSAX |
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