Looking to diversify beyond SCTAX? The mutual funds below have the lowest correlation with SCTAX — 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 SCTAX.
Best Diversifiers for SCTAX
13 mutual funds have low correlation with SCTAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Small Company Value Fund (SCVAX) (Small Cap Value Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Small Company Value Fund | 0.12 | 0.15 | 0.10 | 51 | Small Cap Value Equities | SCTAX vs SCVAX | |
| Allspring Diversified Capital Builder Fund | 0.12 | 0.12 | 0.10 | 95 | Diversified Portfolio | SCTAX vs EKBAX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.25 | 0.34 | 99 | Municipal Bonds | SCTAX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.17 | 0.23 | 0.22 | 99 | Municipal Bonds | SCTAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.20 | 0.15 | 99 | Municipal Bonds | SCTAX vs FHMIX |
See all 24 diversifiers for SCTAX
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