Looking to diversify beyond TRAIX? The mutual funds below have historically moved differently from TRAIX, 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 TRAIX
11 mutual funds have low correlation with TRAIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.05 | 0.08 | 83 | Diversified Portfolio | TRAIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.14 | 0.47 | 66 | Diversified Portfolio | TRAIX vs MHELX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.14 | 0.09 | 0.08 | 100 | Bank Loan, High Yield Bonds | TRAIX vs CCLFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.46 | 0.53 | 89 | Diversified Portfolio | TRAIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.46 | 0.53 | 91 | Diversified Portfolio | TRAIX vs FIQDX |
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