Looking to diversify beyond SSEAX? The mutual funds below have the lowest correlation with SSEAX — 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 SSEAX.
Best Diversifiers for SSEAX
1 mutual funds have low correlation with SSEAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.23 | 0.14 | 0.23 | 99 | Ultrashort Bond | SSEAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.30 | 0.21 | 0.18 | 66 | Municipal Bonds | SSEAX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.31 | 0.22 | 0.17 | 54 | Municipal Bonds | SSEAX vs SBDAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.47 | 0.41 | 0.46 | 99 | Diversified Portfolio | SSEAX vs STDAX | |
| SEI Institutional Investments Trust High Yield Bon... | 0.63 | 0.56 | 0.58 | 60 | High Yield Bonds | SSEAX vs SGYAX |
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