Looking to diversify beyond SMOAX? The mutual funds below have historically moved differently from SMOAX, 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 SMOAX
3 mutual funds have low correlation with SMOAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.01, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.01 | 0.18 | 0.29 | 86 | Inflation-Protected Bonds | SMOAX vs SEIAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.40 | 66 | Diversified Portfolio | SMOAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.20 | 0.25 | 0.28 | 100 | Ultrashort Bond | SMOAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.37 | 0.35 | 0.34 | 65 | Municipal Bonds | SMOAX vs SEIMX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.42 | 0.44 | 0.43 | 65 | Intermediate Core-Plus Bond | SMOAX vs SEATX |
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