Looking to diversify beyond SITEX? The mutual funds below have the lowest correlation with SITEX — 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 SITEX.
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 0.21, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.21 | 0.19 | 0.29 | 100 | Ultrashort Bond | SITEX vs ENIAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.43 | 0.37 | 0.46 | 99 | Diversified Portfolio | SITEX vs STDAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.44 | 0.45 | 0.43 | 67 | Municipal Bonds | SITEX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.45 | 0.46 | 0.42 | 54 | Municipal Bonds | SITEX vs SBDAX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.45 | 0.51 | 0.56 | 98 | Emerging Markets Bonds | SITEX vs DBLLX |
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