In this paper, for an odd prime
and an integer
, a new family of
-ary sequences of period
with low correlation is constructed. The new family is constructed by shifts and additions of two decimated sequences of a
-ary
-sequence, and its family size is
. The complete correlation distribution of this new family is derived. It is also shown that the family is optimal with respect to the parameter
, which denotes the root mean square of all nontrivial correlations. Compared with the known sequence families, our sequence family is new and has a larger family size, which is four times of its period.