Looking to diversify beyond SQIFX? The mutual funds below have historically moved differently from SQIFX, 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 SQIFX
17 mutual funds have low correlation with SQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.08 | 0.03 | 0.01 | 100 | Ultrashort Bond | SQIFX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.11 | 0.19 | 0.19 | 100 | Ultrashort Bond | SQIFX vs ENIAX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.13 | 0.33 | 0.33 | 99 | Ultrashort Bond | SQIFX vs TRSTX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.13 | 0.22 | 0.24 | 99 | Ultrashort Bond | SQIFX vs BUBIX | |
| PIMCO Short Term Fund | 0.14 | -0.01 | -0.04 | 99 | Ultrashort Bond | SQIFX vs PTSHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SQIFX
Add SQIFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SQIFX