Looking to diversify beyond SCFZX? The mutual funds below have the lowest correlation with SCFZX — 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 SCFZX.
Best Diversifiers for SCFZX
46 mutual funds have low correlation with SCFZX (below 0.3), 4 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) (Nontraditional Bonds) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | -0.09 | -0.07 | 0.09 | 97 | Nontraditional Bonds | SCFZX vs EGRIX | |
| Eaton Vance Global Macro Absolute Return Fund | -0.07 | -0.01 | 0.12 | 99 | Nontraditional Bonds | SCFZX vs EIGMX | |
| Artisan Global Unconstrained Fund | -0.03 | 0.02 | — | 99 | Nontraditional Bonds | SCFZX vs APFPX | |
| Intrepid Income Fund | -0.01 | 0.05 | 0.16 | 97 | Multisector Bonds | SCFZX vs ICMUX | |
| Dunham Long/Short Credit Fund | 0.01 | 0.06 | 0.15 | 93 | Nontraditional Bonds | SCFZX vs DCAIX |
See all 49 diversifiers for SCFZX
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Diversification Analysis
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