Looking to diversify beyond SMAAX? The mutual funds below have the lowest correlation with SMAAX — 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 SMAAX.
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 S&P 500 Index Fund (SPINX) (S&P 500) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust S&P 500 Index ... | 0.15 | 0.14 | 0.10 | 67 | S&P 500 | SMAAX vs SPINX | |
| SEI S&P 500 Index Fund Class I | 0.15 | 0.14 | 0.10 | 61 | Large Cap Blend Equities | SMAAX vs SPIIX | |
| SEI Institutional Investments Trust Dynamic Asset ... | 0.17 | 0.11 | 0.07 | 54 | Large Cap Blend Equities | SMAAX vs SDLAX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.18 | 0.22 | 0.23 | 99 | Ultrashort Bond | SMAAX vs ENIAX | |
| SEI Institutional International Trust Emerging Mar... | 0.20 | 0.15 | 0.14 | 87 | Emerging Markets Diversified | SMAAX vs SIEMX |
See all 30 diversifiers for SMAAX
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