PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Shelton Capital Management S&P Smallcap Index Fund (SMCIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The S&P SmallCap 600 Index includes common stocks of 600 small U.S. companies from a broad range of industries. The fund is passively managed. It invests primarily in the stocks that make up the S&P SmallCap 600 Index so that the weighting of each stock in the portfolio approximates the index. The fund's policy to invest at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in the underlying stocks.

Looking to diversify beyond SMCIX? The mutual funds below have the lowest correlation with SMCIX — 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 SMCIX.

Best Diversifiers for SMCIX

1 mutual funds have low correlation with SMCIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.23, up from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.230.110.06
92
Long-ShortSMCIX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.360.240.13
67
Systematic TrendSMCIX vs ASFYX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.610.590.66
75
Large Cap Growth EquitiesSMCIX vs NASDX
WFSPX
iShares S&P 500 Index Fund0.730.730.79
73
S&P 500SMCIX vs WFSPX
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares0.740.750.80
81
Diversified PortfolioSMCIX vs VTMFX
See all 35 diversifiers for SMCIX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SMCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMCIX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.36, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AMZN
Amazon.com, Inc0.360.380.47
60
Consumer Cyclical

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements SMCIX

Add SMCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SMCIX