Looking to diversify beyond SCMTX? The mutual funds below have the lowest correlation with SCMTX — 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 SCMTX.
Best Diversifiers for SCMTX
18 mutual funds have low correlation with SCMTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.18 | 0.21 | 95 | Municipal Bonds | SCMTX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.04 | 0.12 | 0.10 | 99 | Municipal Bonds | SCMTX vs FHMIX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.21 | 0.22 | 94 | Municipal Bonds | SCMTX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.08 | 0.20 | 0.19 | 99 | Municipal Bonds | SCMTX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.18 | 0.26 | 0.26 | 99 | Municipal Bonds | SCMTX vs ATOIX |
See all 29 diversifiers for SCMTX
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