Looking to diversify beyond SCGRX? The mutual funds below have the lowest correlation with SCGRX — 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 SCGRX.
Best Diversifiers for SCGRX
5 mutual funds have low correlation with SCGRX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.02 | 0.13 | 73 | Diversified Portfolio | SCGRX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.19 | 0.51 | 64 | Diversified Portfolio | SCGRX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.54 | 0.62 | 95 | Diversified Portfolio | SCGRX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.53 | 0.62 | 96 | Diversified Portfolio | SCGRX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.55 | 0.62 | 96 | Diversified Portfolio | SCGRX vs FSIRX |
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