Looking to diversify beyond SMQFX? The mutual funds below have historically moved differently from SMQFX, 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 SMQFX
5 mutual funds have low correlation with SMQFX (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 0.16, roughly unchanged from 0.21 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 ... | 0.16 | 0.13 | 0.21 | 100 | Ultrashort Bond | SMQFX vs ENIAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.46 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | SMQFX vs GSIYX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.25 | 0.18 | 0.22 | 65 | Intermediate Core-Plus Bond | SMQFX vs SEATX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.25 | 0.14 | 0.15 | 65 | Municipal Bonds | SMQFX vs SEIMX | |
| The Cook & Bynum Fund | 0.27 | 0.37 | 0.44 | 66 | Emerging Markets Equities | SMQFX vs COBYX |
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