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
2 mutual funds have low correlation with SCD (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.15 | 0.44 | 70 | Diversified Portfolio | SCD vs MHELX | |
| Nuveen California Quality Municipal Income Fund | 0.23 | 0.26 | 0.22 | 76 | Municipal Bonds | SCD vs NAC | |
| Virtus Total Return Fund | 0.32 | 0.38 | 0.45 | 50 | Diversified Portfolio | SCD vs ZTR | |
| Chartwell Income Fund | 0.32 | 0.34 | 0.42 | 57 | Diversified Portfolio | SCD vs BERIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.42 | 0.52 | 82 | Diversified Portfolio | SCD vs FCSRX |
See all 33 diversifiers for SCD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SCD
Add SCD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCD