Looking to diversify beyond SCETX? The mutual funds below have historically moved differently from SCETX, 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 SCETX
1 mutual funds have low correlation with SCETX (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 0.10, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.10 | 0.21 | 0.27 | 98 | Bank Loan | SCETX vs SAMBX | |
| The Merger Fund | 0.33 | 0.32 | 0.38 | 96 | Event Driven | SCETX vs MERFX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.36 | 0.25 | 0.12 | 66 | Systematic Trend | SCETX vs ASFYX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.47 | 0.59 | 0.64 | 68 | REIT | SCETX vs PHRAX | |
| DFA International Small Company Portfolio | 0.64 | 0.63 | 0.70 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | SCETX vs DFISX |
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