Looking to diversify beyond SMQFX? The mutual funds below have the lowest correlation with SMQFX — 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 SMQFX.
Best Diversifiers for SMQFX
3 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 0.20, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.20 | 0.14 | 0.22 | 99 | Ultrashort Bond | SMQFX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.22 | 0.14 | 0.13 | 66 | Municipal Bonds | SMQFX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.24 | 0.16 | 0.13 | 54 | Municipal Bonds | SMQFX vs SBDAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.35 | 0.39 | 99 | Diversified Portfolio | SMQFX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 0.49 | 0.47 | 0.49 | 62 | Diversified Portfolio | SMQFX vs SICIX |
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