Looking to diversify beyond SUSAX? The mutual funds below have historically moved differently from SUSAX, 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 SUSAX
22 mutual funds have low correlation with SUSAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.06 | 0.18 | 0.25 | 100 | Ultrashort Bond | SUSAX vs ENIAX | |
| Tactical Multi-Purpose Fund | 0.06 | 0.00 | 0.02 | 100 | Ultrashort Bond | SUSAX vs TMPFX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.09 | 0.36 | 0.40 | 99 | Ultrashort Bond | SUSAX vs TRSTX | |
| SEI Institutional International Trust Emerging Mar... | 0.10 | 0.08 | 0.08 | 67 | Emerging Markets Equities | SUSAX vs SIEMX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.10 | 0.15 | 0.05 | 99 | Ultrashort Bond | SUSAX vs TSDUX |
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