Looking to diversify beyond SMICX? The mutual funds below have the lowest correlation with SMICX — 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 SMICX.
Best Diversifiers for SMICX
3 mutual funds have low correlation with SMICX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.06 | 0.07 | 60 | Diversified Portfolio | SMICX vs SIFAX | |
| Saratoga Municipal Bond Portfolio | 0.03 | 0.15 | 0.11 | 92 | Ultrashort Bond | SMICX vs SMBPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.51 | 67 | Diversified Portfolio | SMICX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.58 | 86 | Diversified Portfolio | SMICX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.58 | 91 | Diversified Portfolio | SMICX vs FIQDX |
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