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
14 mutual funds have low correlation with SPINX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Real Return Fund (SRAAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Real Return Fund | 0.04 | 0.09 | 0.14 | 60 | Inflation-Protected Bonds | SPINX vs SRAAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.06 | 0.10 | 0.13 | 74 | Inflation-Protected Bonds | SPINX vs RRPAX | |
| SEI Daily Income Ultra Short Duration Bond Fund | 0.12 | 0.08 | 0.05 | 96 | Ultrashort Bond | SPINX vs SECPX | |
| SEI Tax-Exempt Trust Massachusetts Municipal Bond ... | 0.15 | 0.14 | 0.10 | 51 | Municipal Bonds | SPINX vs SMAAX | |
| SEI Tax-Exempt Trust New York Municipal Bond Fund | 0.15 | 0.16 | 0.11 | 57 | Municipal Bonds | SPINX vs SENYX |
See all 69 diversifiers for SPINX
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