Looking to diversify beyond SMCVX? The mutual funds below have the lowest correlation with SMCVX — 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 SMCVX.
Best Diversifiers for SMCVX
6 mutual funds have low correlation with SMCVX (below 0.3), 1 of which are negatively correlated. The least correlated is ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) (Commodities) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/CoreCommodity Management CompleteCommoditiesS... | -0.10 | 0.11 | 0.19 | 92 | Commodities | SMCVX vs JCRAX | |
| Nationwide Strategic Income A | 0.00 | 0.26 | 0.21 | 99 | Multisector Bonds | SMCVX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.08 | 0.30 | 0.22 | 99 | Multisector Bonds | SMCVX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.18 | 0.23 | 0.34 | 70 | Multisector Bonds | SMCVX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.27 | 0.27 | 0.30 | 97 | Multisector Bonds | SMCVX vs CBLDX |
See all 22 diversifiers for SMCVX
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