Looking to diversify beyond SLDAX? The mutual funds below have historically moved differently from SLDAX, 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 SLDAX
2 mutual funds have low correlation with SLDAX (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 0.19, roughly unchanged from 0.24 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 ... | 0.19 | 0.26 | 0.24 | 100 | Ultrashort Bond | SLDAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.26 | 0.18 | 0.12 | 67 | Emerging Markets Equities | SLDAX vs SIEMX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.34 | 0.26 | 0.19 | 61 | S&P 500 | SLDAX vs SPINX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.35 | 0.20 | 0.14 | 51 | Large Cap Blend Equities | SLDAX vs SDLAX | |
| SEI S&P 500 Index Fund Class I | 0.36 | 0.26 | 0.19 | 53 | Large Cap Blend Equities | SLDAX vs SPIIX |
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