Looking to diversify beyond SRWAX? The mutual funds below have historically moved differently from SRWAX, 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 SRWAX
2 mutual funds have low correlation with SRWAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.46 | 66 | Diversified Portfolio | SRWAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.21 | 0.21 | 0.27 | 100 | Ultrashort Bond | SRWAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.30 | 0.24 | 0.24 | 65 | Municipal Bonds | SRWAX vs SEIMX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.36 | 0.33 | 0.35 | 65 | Intermediate Core-Plus Bond | SRWAX vs SEATX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.60 | 0.67 | 91 | Diversified Portfolio | SRWAX vs FIQDX |
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