Looking to diversify beyond SCATX? The mutual funds below have the lowest correlation with SCATX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SCATX.
Best Diversifiers for SCATX
2 mutual funds have low correlation with SCATX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.22 | 0.23 | 0.28 | 57 | Emerging Markets Bonds | SCATX vs EDF | |
| Virtus Seix Floating Rate High Income Fund | 0.25 | 0.27 | 0.27 | 97 | Bank Loan | SCATX vs SAMBX | |
| The Merger Fund | 0.33 | 0.28 | 0.31 | 97 | Event Driven | SCATX vs MERFX | |
| Davis New York Venture Fund Class Y | 0.55 | 0.65 | 0.69 | 81 | Large Cap Growth Equities | SCATX vs DNVYX | |
| ICON Equity Fund | 0.55 | 0.57 | 0.65 | 75 | Large Cap Growth Equities | SCATX vs IOLZX |
See all 29 diversifiers for SCATX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SCATX
Add SCATX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCATX