Looking to diversify beyond UGSDX? The mutual funds below have historically moved differently from UGSDX, 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 UGSDX
28 mutual funds have low correlation with UGSDX (below 0.3), 6 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.06 | 0.07 | 0.05 | 100 | Ultrashort Bond | UGSDX vs ENIAX | |
| Tactical Multi-Purpose Fund | -0.03 | 0.05 | 0.04 | 100 | Ultrashort Bond | UGSDX vs TMPFX | |
| Six Circles Tax Aware Ultra Short Duration Fund | -0.03 | 0.00 | 0.05 | 63 | Ultrashort Bond | UGSDX vs CUTAX | |
| CrossingBridge Ultra-Short Duration Fund | -0.03 | 0.03 | 0.01 | 99 | Ultrashort Bond | UGSDX vs CBUDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | -0.00 | -0.00 | 99 | Ultrashort Bond | UGSDX vs TRSTX |
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