Looking to diversify beyond SRCMX? The mutual funds below have the lowest correlation with SRCMX — 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 SRCMX.
Best Diversifiers for SRCMX
13 mutual funds have low correlation with SRCMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.17 | 0.30 | 0.40 | 99 | Municipal Bonds | SRCMX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.31 | 0.37 | 99 | Municipal Bonds | SRCMX vs USMSX | |
| Principal Equity Income Fund | 0.20 | 0.18 | 0.12 | 57 | Large Cap Value Equities | SRCMX vs PQIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.37 | 99 | Municipal Bonds | SRCMX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.23 | 0.32 | 0.41 | 99 | Municipal Bonds | SRCMX vs DFCMX |
See all 21 diversifiers for SRCMX
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