Looking to diversify beyond SCATX? The mutual funds below have historically moved differently from SCATX, 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 SCATX
2 mutual funds have low correlation with SCATX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) (REIT) with a 1Y correlation of 0.05, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Real Estate Securities Fund | 0.05 | 0.25 | 0.39 | 68 | REIT | SCATX vs PHRAX | |
| Virtus Seix Floating Rate High Income Fund | 0.25 | 0.26 | 0.27 | 98 | Bank Loan | SCATX vs SAMBX | |
| The Merger Fund | 0.32 | 0.27 | 0.31 | 96 | Event Driven | SCATX vs MERFX | |
| Davis New York Venture Fund Class Y | 0.57 | 0.64 | 0.69 | 90 | Large Cap Growth Equities | SCATX vs DNVYX | |
| ICON Equity Fund | 0.58 | 0.57 | 0.65 | 80 | Large Cap Growth Equities | SCATX vs IOLZX |
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