Looking to diversify beyond SUMAX? The mutual funds below have historically moved differently from SUMAX, 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 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 0.06, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.06 | 0.20 | 0.26 | 91 | Municipal Bonds | SUMAX vs DMREX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.15 | 0.19 | 0.18 | 100 | Ultrashort Bond | SUMAX vs ENIAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.20 | 0.15 | 0.19 | 99 | Diversified Portfolio | SUMAX vs STDAX | |
| Nuveen Municipal Value Fund Inc. | 0.21 | 0.31 | 0.27 | 62 | Municipal Bonds | SUMAX vs NUV | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.31 | 0.31 | 100 | Municipal Bonds | SUMAX vs ATOIX |
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