Looking to diversify beyond UCMCX? The mutual funds below have historically moved differently from UCMCX, 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 UCMCX
3 mutual funds have low correlation with UCMCX (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 -0.17, down from 0.19 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... | -0.17 | 0.07 | 0.19 | 83 | Diversified Portfolio | UCMCX vs SIFAX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | — | — | 100 | Nontraditional Bonds | UCMCX vs CBYYX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.11 | 0.41 | 66 | Diversified Portfolio | UCMCX vs MHELX | |
| Concorde Wealth Management Fund | 0.39 | 0.57 | 0.66 | 83 | Diversified Portfolio | UCMCX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.63 | 0.66 | 91 | Diversified Portfolio | UCMCX vs FIQDX |
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