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SEI Institutional Investments Trust Small/Mid Cap Equity Fund (SSMAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal circumstances, the Small/Mid Cap Equity Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities (including common and preferred stocks) of small and medium-sized companies, ETFs based on small and medium-sized capitalization indexes and securities of REITs. It will invest primarily in common stocks of U.S. companies with market capitalizations in the range of companies in the Russell 2500 Index at the time of purchase.

Looking to diversify beyond SSMAX? The mutual funds below have the lowest correlation with SSMAX — 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 SSMAX.

Best Diversifiers for SSMAX

3 mutual funds have low correlation with SSMAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEIMX
SEI Tax Exempt Trust Intermediate-Term Municipal F...0.180.130.10
64
Municipal BondsSSMAX vs SEIMX
SBDAX
SEI Tax Exempt Trust California Municipal Bond Fun...0.210.140.09
50
Municipal BondsSSMAX vs SBDAX
ENIAX
SEI Institutional Investments Trust Opportunistic ...0.230.160.18
100
Ultrashort BondSSMAX vs ENIAX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.470.410.42
99
Diversified PortfolioSSMAX vs STDAX
SGYAX
SEI Institutional Investments Trust High Yield Bon...0.480.490.50
67
High Yield BondsSSMAX vs SGYAX
See all 30 diversifiers for SSMAX

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