Looking to diversify beyond SCGSX? The mutual funds below have the lowest correlation with SCGSX — 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 SCGSX.
Best Diversifiers for SCGSX
9 mutual funds have low correlation with SCGSX (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 0.12, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund | 0.12 | 0.32 | 0.47 | 53 | Global Allocation | SCGSX vs AAAZX | |
| DWS RREEF Real Assets Fund - Class A | 0.12 | 0.32 | 0.47 | 51 | Diversified Portfolio | SCGSX vs AAAAX | |
| DWS California Tax | 0.16 | 0.13 | 0.13 | 75 | Municipal Bonds | SCGSX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.17 | 0.13 | 0.14 | 81 | Municipal Bonds | SCGSX vs SCMAX | |
| DWS Short Term Municipal Bond Fund | 0.17 | 0.11 | 0.10 | 71 | Municipal Bonds | SCGSX vs MGSMX |
See all 51 diversifiers for SCGSX
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