Looking to diversify beyond SCGVX? The mutual funds below have historically moved differently from SCGVX, 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 SCGVX
5 mutual funds have low correlation with SCGVX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.14, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.14 | 0.27 | 0.39 | 70 | Quality Factor, Global Equities | SCGVX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.01 | 0.20 | 0.37 | 79 | Infrastructure Equities, Global Equities | SCGVX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.08 | 0.28 | 0.44 | 66 | Infrastructure Equities, Global Equities | SCGVX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.26 | 0.42 | 0.53 | 92 | Global Equities | SCGVX vs RTXAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.30 | 0.46 | 0.55 | 53 | Global Equities, Low Volatility | SCGVX vs SVTAX |
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