Looking to diversify beyond USIAX? The mutual funds below have historically moved differently from USIAX, 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 USIAX
2 mutual funds have low correlation with USIAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from -0.02 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 ... | -0.02 | -0.02 | -0.02 | 100 | Ultrashort Bond | USIAX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.08 | 0.08 | 0.08 | 99 | Ultrashort Bond | USIAX vs TSDUX | |
| PIMCO Short Term Fund | 0.35 | 0.35 | 0.35 | 99 | Ultrashort Bond | USIAX vs PTSHX | |
| Eaton Vance Short Duration Government Income Fund | 0.50 | 0.50 | 0.50 | 75 | Ultrashort Bond | USIAX vs EALDX | |
| Guggenheim Ultra Short Duration Fund | 0.61 | 0.61 | 0.61 | 99 | Ultrashort Bond | USIAX vs GIYIX |
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