Looking to diversify beyond SCGSX? The mutual funds below have historically moved differently from SCGSX, 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 SCGSX
11 mutual funds have low correlation with SCGSX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS RREEF Real Assets C (AAAPX) (Global Allocation) with a 1Y correlation of 0.12, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets C | 0.12 | 0.31 | 0.46 | 69 | Global Allocation | SCGSX vs AAAPX | |
| DWS RREEF Real Assets Fund | 0.13 | 0.31 | 0.46 | 77 | Global Allocation | SCGSX vs AAAZX | |
| DWS RREEF Real Assets Fund - Class A | 0.13 | 0.31 | 0.46 | 77 | Diversified Portfolio | SCGSX vs AAAAX | |
| DWS CROCI Equity Dividend Fd | 0.15 | 0.24 | 0.41 | 62 | Large Cap Value Equities | SCGSX vs KDHAX | |
| DWS California Tax | 0.17 | 0.13 | 0.13 | 71 | Municipal Bonds | SCGSX vs KCTAX |
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