Looking to diversify beyond SCRZX? The mutual funds below have historically moved differently from SCRZX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SCRZX
1 mutual funds have low correlation with SCRZX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.24 | 0.17 | 0.13 | 81 | High Yield Muni | SCRZX vs MISHX | |
| AB High Income Fund | 0.48 | 0.47 | 0.46 | 68 | High Yield Bonds | SCRZX vs AGDAX | |
| DFA International Small Company Portfolio | 0.66 | 0.66 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | SCRZX vs DFISX | |
| Hennessy Cornerstone Growth Fund | 0.71 | 0.83 | 0.83 | 53 | Small Cap Blend Equities | SCRZX vs HFCGX | |
| Auer Growth Fund | 0.72 | 0.78 | 0.82 | 91 | Small Cap Blend Equities | SCRZX vs AUERX |
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