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
7 mutual funds have low correlation with SCGSX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS California Tax (KCTAX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS California Tax | 0.14 | 0.13 | 0.12 | 57 | Municipal Bonds | SCGSX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.17 | 0.13 | 0.13 | 71 | Municipal Bonds | SCGSX vs SCMAX | |
| DWS Strategic High Yield Tax | 0.17 | 0.13 | 0.13 | 59 | High Yield Muni | SCGSX vs SHYTX | |
| DWS Intermediate Tax-Free Fund | 0.18 | 0.14 | 0.12 | 64 | Municipal Bonds | SCGSX vs SCMTX | |
| DWS Short Term Municipal Bond Fund | 0.20 | 0.11 | 0.10 | 71 | Municipal Bonds | SCGSX vs MGSMX |
See all 48 diversifiers for SCGSX
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