Looking to diversify beyond SMAAX? The mutual funds below have historically moved differently from SMAAX, 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 SMAAX
15 mutual funds have low correlation with SMAAX (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 0.17, roughly unchanged from 0.23 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 ... | 0.17 | 0.22 | 0.23 | 100 | Ultrashort Bond | SMAAX vs ENIAX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.19 | 0.15 | 0.11 | 61 | S&P 500 | SMAAX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.20 | 0.15 | 0.11 | 53 | Large Cap Blend Equities | SMAAX vs SPIIX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.21 | 0.12 | 0.08 | 51 | Large Cap Blend Equities | SMAAX vs SDLAX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.25 | 0.26 | 100 | Municipal Bonds | SMAAX vs ATOIX |
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