Looking to diversify beyond SCD? The mutual funds below have the lowest correlation with SCD — 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 SCD.
Best Diversifiers for SCD
8 mutual funds have low correlation with SCD (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.02 | 0.09 | 0.20 | 76 | Diversified Portfolio | SCD vs SIFAX | |
| Nuveen California Quality Municipal Income Fund | 0.20 | 0.25 | 0.23 | 79 | Municipal Bonds | SCD vs NAC | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.42 | 0.52 | 95 | Diversified Portfolio | SCD vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.43 | 0.53 | 96 | Diversified Portfolio | SCD vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.29 | 0.41 | 0.52 | 97 | Diversified Portfolio | SCD vs FSRKX |
See all 30 diversifiers for SCD
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