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SEI Institutional Investments Trust Small Cap Fund (SLPAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
Documentation

The investment seeks capital appreciation. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities (including common and preferred stocks) of small companies, including ETFs based on small capitalization indices and securities of REITs. For purposes of this fund, a small company is a company with a market capitalization in the range of companies in the Russell 2000 Index at the time of purchase. It uses a multi-manager approach, relying upon a number of Sub-Advisers with differing investment philosophies to manage portions of the fund's portfolio under the general supervision of SIMC.

Looking to diversify beyond SLPAX? The mutual funds below have historically moved differently from SLPAX, 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 SLPAX

3 mutual funds have low correlation with SLPAX (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 0.18, roughly unchanged from 0.16 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENIAX
SEI Institutional Investments Trust Opportunistic ...0.180.130.16
100
Ultrashort BondSLPAX vs ENIAX
SEIMX
SEI Tax Exempt Trust Intermediate-Term Municipal F...0.210.130.10
56
Municipal BondsSLPAX vs SEIMX
SEATX
SEI Tax Exempt Trust Tax-Advantaged Income Fund0.230.200.20
50
Intermediate Core-Plus BondSLPAX vs SEATX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.410.400.41
99
Diversified PortfolioSLPAX vs STDAX
SIEMX
SEI Institutional International Trust Emerging Mar...0.580.480.52
68
Emerging Markets EquitiesSLPAX vs SIEMX
See all 36 diversifiers for SLPAX

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