Looking to diversify beyond UPDDX? The mutual funds below have historically moved differently from UPDDX, 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 UPDDX
62 mutual funds have low correlation with UPDDX (below 0.3), 12 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) (Low Volatility) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Managed Manage... | -0.32 | -0.32 | -0.32 | 60 | Low Volatility | UPDDX vs TMMAX | |
| SEI Institutional Managed Trust U.S. Managed Volat... | -0.30 | -0.30 | -0.30 | 63 | Low Volatility | UPDDX vs SVOAX | |
| Towpath Focus Fund | -0.12 | -0.12 | -0.12 | 96 | Large Cap Value Equities | UPDDX vs TOWFX | |
| DWS CROCI Equity Dividend Fd | -0.10 | -0.10 | -0.10 | 62 | Large Cap Value Equities | UPDDX vs KDHAX | |
| American Century Value Fund | -0.10 | -0.10 | -0.10 | 91 | Large Cap Value Equities | UPDDX vs TWVLX |
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