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 Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.28, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.28 | 0.28 | 0.27 | 97 | Bank Loan | SCATX vs SAMBX | |
| The Merger Fund | 0.29 | 0.26 | 0.30 | 97 | Event Driven | SCATX vs MERFX | |
| Emerald Insights Fund | 0.30 | 0.75 | 0.82 | 98 | Large Cap Growth Equities | SCATX vs EFCNX | |
| ICON Equity Fund | 0.53 | 0.55 | 0.64 | 70 | Large Cap Growth Equities | SCATX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.56 | 0.65 | 0.68 | 84 | Large Cap Growth Equities | SCATX vs DNVYX |
See all 26 diversifiers for SCATX
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