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Looking to diversify beyond WEBAX? The mutual funds below have historically moved differently from WEBAX, 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 WEBAX

2 mutual funds have low correlation with WEBAX (below 0.3), 1 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 -0.16, down from 0.17 over 5 years.

How candidates are selected

Diversification Analysis

Build a portfolio that complements WEBAX

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