Looking to diversify beyond DSCIX? The mutual funds below have historically moved differently from DSCIX, 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 DSCIX
0 mutual funds have low correlation with DSCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.32, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.32 | 0.60 | 0.77 | 68 | Small Cap Growth Equities | DSCIX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.32 | 0.60 | 0.77 | 71 | Small Cap Growth Equities | DSCIX vs QISGX | |
| Invesco Discovery Fund Class R6 | 0.72 | 0.83 | 0.88 | 64 | Small Cap Growth Equities | DSCIX vs ODIIX | |
| Driehaus Micro Cap Growth Fund | 0.73 | 0.82 | 0.85 | 82 | Small Cap Growth Equities | DSCIX vs DMCRX | |
| Oberweis Small-Cap Opportunities Fund | 0.74 | 0.84 | 0.89 | 66 | Small Cap Growth Equities | DSCIX vs OBSOX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DSCIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.40, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.40 | 0.53 | 0.55 | 70 | Real Estate |
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