Looking to diversify beyond SCHLX? The mutual funds below have the lowest correlation with SCHLX — 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 SCHLX.
Best Diversifiers for SCHLX
3 mutual funds have low correlation with SCHLX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Science and Technology Fund (KTCAX) (Technology Equities) 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 Science and Technology Fund | 0.12 | 0.30 | 0.47 | 58 | Technology Equities | SCHLX vs KTCAX | |
| DWS Emerging Markets Equity Fund | 0.13 | 0.25 | 0.34 | 84 | Emerging Markets Diversified | SCHLX vs SEMGX | |
| DWS Global High Income Fund | 0.25 | 0.29 | 0.34 | 76 | High Yield Bonds | SCHLX vs MGHYX | |
| DWS Core Equity Fund | 0.35 | 0.51 | 0.63 | 61 | Large Cap Blend Equities | SCHLX vs SCDGX | |
| DWS S&P 500 Index Fund | 0.37 | 0.52 | 0.63 | 65 | S&P 500 | SCHLX vs SCPIX |
See all 18 diversifiers for SCHLX
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