Looking to diversify beyond SCYVX? The mutual funds below have historically moved differently from SCYVX, 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 SCYVX
1 mutual funds have low correlation with SCYVX (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 0.22, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.22 | 0.17 | 0.11 | 70 | High Yield Muni | SCYVX vs MISHX | |
| Federated Hermes Clover Small Value Fund | 0.32 | 0.61 | 0.78 | 68 | Small Cap Value Equities | SCYVX vs VSFAX | |
| Aegis Value Fund Class I | 0.38 | 0.48 | 0.55 | 94 | Small Cap Value Equities | SCYVX vs AVALX | |
| AB High Income Fund | 0.41 | 0.44 | 0.44 | 52 | High Yield Bonds | SCYVX vs AGDAX | |
| Vanguard Total International Stock Index Fund Admi... | 0.59 | 0.65 | 0.70 | 70 | Foreign Large Cap Equities | SCYVX vs VTIAX |
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