Looking to diversify beyond SPINX? The mutual funds below have the lowest correlation with SPINX — 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 SPINX.
Best Diversifiers for SPINX
15 mutual funds have low correlation with SPINX (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 -0.25, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.25 | -0.08 | 0.06 | 67 | Inflation-Protected Bonds | SPINX vs SEIAX | |
| SEI Institutional Managed Trust Real Return Fund | 0.05 | 0.10 | 0.14 | 69 | Inflation-Protected Bonds | SPINX vs SRAAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.07 | 0.11 | 0.13 | 81 | Inflation-Protected Bonds | SPINX vs RRPAX | |
| SEI Daily Income Ultra Short Duration Bond Fund | 0.12 | 0.08 | 0.05 | 98 | Ultrashort Bond | SPINX vs SECPX | |
| SEI Tax-Exempt Trust New York Municipal Bond Fund | 0.16 | 0.16 | 0.12 | 59 | Municipal Bonds | SPINX vs SENYX |
See all 70 diversifiers for SPINX
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