Looking to diversify beyond SCFIX? The mutual funds below have the lowest correlation with SCFIX — 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 SCFIX.
Best Diversifiers for SCFIX
11 mutual funds have low correlation with SCFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.01 | 0.12 | 0.13 | 100 | High Yield Bonds | SCFIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.03 | 0.07 | 0.05 | 100 | High Yield Bonds | SCFIX vs XILSX | |
| Pioneer Corporate High Yield Fund | 0.09 | 0.51 | 0.66 | 58 | High Yield Bonds | SCFIX vs RCRYX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.26 | 0.30 | 100 | High Yield Bonds | SCFIX vs RPHIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.23 | 0.31 | 0.38 | 85 | High Yield Bonds | SCFIX vs FFRCX |
See all 153 diversifiers for SCFIX
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Diversification Analysis
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