Looking to diversify beyond SMTRX? The mutual funds below have historically moved differently from SMTRX, 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 SMTRX
0 mutual funds have low correlation with SMTRX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.51, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.51 | 0.51 | 0.51 | 50 | Intermediate Core-Plus Bond | SMTRX vs SEATX | |
| Leader Capital High Quality Income Fund Institutio... | 0.63 | 0.63 | 0.63 | 86 | Intermediate Core-Plus Bond | SMTRX vs LCTIX | |
| MassMutual Diversified Bond Fund | 0.77 | 0.77 | 0.77 | 82 | Intermediate Core-Plus Bond | SMTRX vs MDVAX |
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