Looking to diversify beyond UCMCX? The mutual funds below have the lowest correlation with UCMCX — 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 UCMCX.
Best Diversifiers for UCMCX
3 mutual funds have low correlation with UCMCX (below 0.3), 3 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 -0.13, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.13 | 0.09 | 0.19 | 60 | Diversified Portfolio | UCMCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.12 | 0.42 | 67 | Diversified Portfolio | UCMCX vs MHELX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.00 | — | — | 100 | Nontraditional Bonds | UCMCX vs CBYYX | |
| Concorde Wealth Management Fund | 0.41 | 0.58 | 0.67 | 73 | Diversified Portfolio | UCMCX vs CONWX | |
| Victory Global Energy Transition Fund | 0.42 | 0.52 | 0.55 | 94 | Energy Equities | UCMCX vs RSNRX |
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