Looking to diversify beyond UCAGX? The mutual funds below have the lowest correlation with UCAGX — 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 UCAGX.
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 -0.18, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.03 | 0.16 | 67 | Diversified Portfolio | UCAGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.12 | 0.47 | 68 | Diversified Portfolio | UCAGX vs MHELX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | -0.00 | -0.00 | 100 | Nontraditional Bonds | UCAGX vs CBYYX | |
| Concorde Wealth Management Fund | 0.39 | 0.62 | 0.73 | 76 | Diversified Portfolio | UCAGX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.65 | 86 | Diversified Portfolio | UCAGX vs FIQDX |
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