Looking to diversify beyond SQIFX? The mutual funds below have the lowest correlation with SQIFX — 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 SQIFX.
Best Diversifiers for SQIFX
19 mutual funds have low correlation with SQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of 0.07, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.07 | 0.33 | 0.33 | 99 | Ultrashort Bond | SQIFX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.10 | 0.02 | 0.01 | 100 | Ultrashort Bond | SQIFX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.10 | 0.20 | 0.18 | 99 | Ultrashort Bond | SQIFX vs ENIAX | |
| Navigator Ultra Short Term Bond Fund | 0.10 | 0.13 | 0.12 | 100 | Ultrashort Bond | SQIFX vs NUSIX | |
| PIMCO Short Term Fund | 0.12 | -0.02 | -0.05 | 99 | Ultrashort Bond | SQIFX vs PTSHX |
See all 31 diversifiers for SQIFX
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