Looking to diversify beyond SCFZX? The mutual funds below have historically moved differently from SCFZX, 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 SCFZX
45 mutual funds have low correlation with SCFZX (below 0.3), 3 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | -0.12 | -0.00 | 0.12 | 99 | Nontraditional Bonds | SCFZX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.11 | -0.06 | 0.10 | 98 | Nontraditional Bonds | SCFZX vs EGRIX | |
| Artisan Global Unconstrained Fund | -0.04 | 0.02 | — | 99 | Nontraditional Bonds | SCFZX vs APFPX | |
| Dunham Long/Short Credit Fund | 0.00 | 0.02 | 0.15 | 94 | Nontraditional Bonds | SCFZX vs DCAIX | |
| North Star Bond Fund | 0.01 | 0.02 | 0.11 | 68 | Nontraditional Bonds | SCFZX vs NSBDX |
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