Looking to diversify beyond SHRCX? The mutual funds below have the lowest correlation with SHRCX — 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 SHRCX.
Best Diversifiers for SHRCX
11 mutual funds have low correlation with SHRCX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.27 | 0.36 | 99 | Municipal Bonds | SHRCX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.29 | 0.40 | 100 | Municipal Bonds | SHRCX vs DFABX | |
| Franklin Income Fund Advisor Class | 0.22 | 0.34 | 0.25 | 89 | Diversified Portfolio | SHRCX vs FRIAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.33 | 0.38 | 99 | Municipal Bonds | SHRCX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.32 | 0.41 | 99 | Municipal Bonds | SHRCX vs DNYMX |
See all 21 diversifiers for SHRCX
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