Looking to diversify beyond SITEX? The mutual funds below have historically moved differently from SITEX, 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 SITEX
1 mutual funds have low correlation with SITEX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.24 | 0.19 | 0.29 | 100 | Ultrashort Bond | SITEX vs ENIAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.42 | 0.37 | 0.46 | 99 | Diversified Portfolio | SITEX vs STDAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.46 | 0.45 | 0.44 | 56 | Municipal Bonds | SITEX vs SEIMX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.47 | 0.49 | 0.50 | 50 | Intermediate Core-Plus Bond | SITEX vs SEATX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.47 | 0.39 | 0.44 | 53 | Emerging Markets Bonds | SITEX vs EDD |
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