Looking to diversify beyond SCHAX? The mutual funds below have the lowest correlation with SCHAX — 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 SCHAX.
Best Diversifiers for SCHAX
1 mutual funds have low correlation with SCHAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.50 | 75 | Diversified Portfolio | SCHAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.61 | 82 | Diversified Portfolio | SCHAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.61 | 87 | Diversified Portfolio | SCHAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.60 | 87 | Diversified Portfolio | SCHAX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.31 | 0.53 | 0.61 | 86 | Diversified Portfolio | SCHAX vs FSRRX |
See all 31 diversifiers for SCHAX
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