Looking to diversify beyond SCEMX? The mutual funds below have historically moved differently from SCEMX, 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 SCEMX
2 mutual funds have low correlation with SCEMX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS RREEF Real Assets Fund (AAAZX) (Global Allocation) with a 1Y correlation of 0.18, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund | 0.18 | 0.34 | 0.33 | 77 | Global Allocation | SCEMX vs AAAZX | |
| DWS RREEF Real Assets Fund - Class A | 0.18 | 0.34 | 0.33 | 77 | Diversified Portfolio | SCEMX vs AAAAX | |
| DWS CROCI International Fund | 0.47 | 0.41 | 0.39 | 88 | Foreign Large Cap Equities | SCEMX vs SCINX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.48 | 0.37 | 0.36 | 57 | Emerging Markets Bonds | SCEMX vs EDD | |
| DWS Core Equity Fund | 0.49 | 0.36 | 0.33 | 63 | Large Cap Blend Equities | SCEMX vs SCDGX |
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