Looking to diversify beyond SCPZX? The mutual funds below have the lowest correlation with SCPZX — 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 SCPZX.
Best Diversifiers for SCPZX
4 mutual funds have low correlation with SCPZX (below 0.3), 0 of which are negatively correlated. The least correlated is Carillon ClariVest Capital Appreciation Fund (HRCPX) (Large Cap Growth Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Carillon ClariVest Capital Appreciation Fund | 0.24 | 0.19 | 0.18 | 53 | Large Cap Growth Equities | SCPZX vs HRCPX | |
| Chartwell Small Cap Growth Fund | 0.26 | 0.22 | 0.19 | 74 | Small Cap Growth Equities | SCPZX vs CWSGX | |
| Carillon Eagle Small Cap Growth Fund | 0.29 | 0.24 | 0.21 | 52 | Small Cap Growth Equities | SCPZX vs HRSCX | |
| Carillon Eagle Growth & Income Fund | 0.30 | 0.26 | 0.23 | 60 | Large Cap Value Equities | SCPZX vs HRCVX | |
| Holbrook Income Fund Class I | 0.32 | 0.33 | 0.37 | 98 | Intermediate Core-Plus Bond | SCPZX vs HOBIX |
See all 17 diversifiers for SCPZX
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