Looking to diversify beyond SCMIX? The mutual funds below have the lowest correlation with SCMIX — 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 SCMIX.
Best Diversifiers for SCMIX
0 mutual funds have low correlation with SCMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.42, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.42 | 0.57 | 0.66 | 72 | Large Cap Growth Equities | SCMIX vs BPTRX | |
| ARK Venture Fund | 0.42 | 0.57 | — | 99 | Technology Equities | SCMIX vs ARKVX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.44 | 0.57 | 0.67 | 79 | Large Cap Value Equities, Dividend | SCMIX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.45 | 0.57 | 0.67 | 77 | Large Cap Value Equities | SCMIX vs LBSAX | |
| Columbia Dividend Income Fund | 0.47 | 0.57 | 0.67 | 79 | Large Cap Value Equities | SCMIX vs GSFTX |
See all 49 diversifiers for SCMIX
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