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
12 mutual funds have low correlation with SCTAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.10 | 0.11 | 0.10 | 97 | Diversified Portfolio | SCTAX vs EKBAX | |
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.25 | 0.34 | 99 | Municipal Bonds | SCTAX vs DFSMX | |
| Allspring Disciplined U.S. Core Fund | 0.15 | 0.13 | 0.10 | 75 | Large Cap Blend Equities | SCTAX vs EVSAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.31 | 0.37 | 99 | Municipal Bonds | SCTAX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.31 | 0.41 | 99 | Municipal Bonds | SCTAX vs DNYMX |
See all 18 diversifiers for SCTAX
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