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
19 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 0.07, 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 | 0.07 | 0.19 | 0.25 | 94 | Municipal Bonds | SUMAX vs DMREX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.17 | 0.19 | 0.18 | 99 | Ultrashort Bond | SUMAX vs ENIAX | |
| SEI Institutional Managed Trust Multi-Strategy Alt... | 0.18 | 0.13 | 0.12 | 90 | Multistrategy | SUMAX vs SMSAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.18 | 0.15 | 0.19 | 99 | Diversified Portfolio | SUMAX vs STDAX | |
| SEI Institutional International Trust Emerging Mar... | 0.19 | 0.14 | 0.13 | 87 | Emerging Markets Diversified | SUMAX vs SIEMX |
See all 34 diversifiers for SUMAX
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