Looking to diversify beyond SUMAX? The mutual funds below have the lowest correlation with SUMAX — 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 SUMAX.
Best Diversifiers for SUMAX
20 mutual funds have low correlation with SUMAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.06 | 0.20 | 0.25 | 95 | Municipal Bonds | SUMAX vs DMREX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.13 | 0.14 | 0.18 | 99 | Diversified Portfolio | SUMAX vs STDAX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.17 | 0.19 | 0.18 | 99 | Ultrashort Bond | SUMAX vs ENIAX | |
| Nuveen Municipal Value Fund Inc. | 0.20 | 0.31 | 0.27 | 53 | Municipal Bonds | SUMAX vs NUV | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.22 | 0.32 | 100 | Municipal Bonds | SUMAX vs DFSMX |
See all 37 diversifiers for SUMAX
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