Looking to diversify beyond SCAUX? The mutual funds below have the lowest correlation with SCAUX — 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 SCAUX.
Best Diversifiers for SCAUX
0 mutual funds have low correlation with SCAUX (below 0.3), 0 of which are negatively correlated. The least correlated is The Covered Bridge Fund (TCBIX) (Derivative Income) with a 1Y correlation of 0.56, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Covered Bridge Fund | 0.56 | 0.61 | 0.73 | 83 | Derivative Income | SCAUX vs TCBIX | |
| BlackRock Enhanced Large Cap Core Fund | 0.64 | 0.71 | 0.77 | 86 | Derivative Income | SCAUX vs CII | |
| Invesco Comstock Fund | 0.70 | 0.78 | 0.82 | 57 | Large Cap Value Equities | SCAUX vs ACSTX | |
| Invesco Small Cap Value Fund | 0.71 | 0.76 | 0.78 | 85 | Small Cap Value Equities | SCAUX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.73 | 0.77 | 0.80 | 80 | Mid Cap Value Equities | SCAUX vs VVOAX |
See all 11 diversifiers for SCAUX
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