Looking to diversify beyond SMXAX? The mutual funds below have the lowest correlation with SMXAX — 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 SMXAX.
Best Diversifiers for SMXAX
2 mutual funds have low correlation with SMXAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) (Municipal Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.19 | 0.15 | 0.11 | 54 | Municipal Bonds | SMXAX vs SBDAX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.23 | 0.17 | 0.18 | 100 | Ultrashort Bond | SMXAX vs ENIAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.46 | 0.42 | 0.43 | 99 | Diversified Portfolio | SMXAX vs STDAX | |
| SEI Institutional Investments Trust High Yield Bon... | 0.53 | 0.52 | 0.52 | 63 | High Yield Bonds | SMXAX vs SGYAX | |
| SEI Institutional International Trust Emerging Mar... | 0.60 | 0.53 | 0.56 | 91 | Emerging Markets Diversified | SMXAX vs SIEMX |
See all 17 diversifiers for SMXAX
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