Looking to diversify beyond UCAGX? The mutual funds below have historically moved differently from UCAGX, 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 UCAGX
3 mutual funds have low correlation with UCAGX (below 0.3), 2 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 -0.23, down from 0.14 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... | -0.23 | -0.01 | 0.14 | 77 | Diversified Portfolio | UCAGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.11 | 0.46 | 66 | Diversified Portfolio | UCAGX vs MHELX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | UCAGX vs CBYYX | |
| Concorde Wealth Management Fund | 0.37 | 0.61 | 0.73 | 86 | Diversified Portfolio | UCAGX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.64 | 87 | Diversified Portfolio | UCAGX vs FCSRX |
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