Looking to diversify beyond SCJIX? The mutual funds below have the lowest correlation with SCJIX — 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 SCJIX.
Best Diversifiers for SCJIX
2 mutual funds have low correlation with SCJIX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia High Yield Municipal Fund (SRHMX) (High Yield Muni) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia High Yield Municipal Fund | 0.14 | 0.13 | 0.11 | 79 | High Yield Muni | SCJIX vs SRHMX | |
| Columbia Strategic Municipal Income Fund | 0.17 | 0.14 | 0.11 | 66 | Municipal Bonds | SCJIX vs INTAX | |
| MFS Emerging Markets Debt Fund | 0.39 | 0.30 | 0.30 | 84 | Emerging Markets Bonds | SCJIX vs MEDIX | |
| BlackRock Event Driven Equity Fund | 0.53 | 0.56 | 0.65 | 55 | Event Driven | SCJIX vs BILPX | |
| BlackRock Enhanced Large Cap Core Fund | 0.57 | 0.67 | 0.75 | 85 | Derivative Income | SCJIX vs CII |
See all 16 diversifiers for SCJIX
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