Looking to diversify beyond SCOBX? The mutual funds below have historically moved differently from SCOBX, 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 SCOBX
0 mutual funds have low correlation with SCOBX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS California Tax (KCTAX) (Municipal Bonds) with a 1Y correlation of 0.30, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS California Tax | 0.30 | 0.22 | 0.19 | 71 | Municipal Bonds | SCOBX vs KCTAX | |
| DWS Short Term Municipal Bond Fund | 0.30 | 0.20 | 0.17 | 66 | Municipal Bonds | SCOBX vs MGSMX | |
| DWS Intermediate Tax-Free Fund | 0.32 | 0.23 | 0.20 | 63 | Municipal Bonds | SCOBX vs SCMTX | |
| DWS Massachusetts Tax Free Fund | 0.32 | 0.21 | 0.20 | 77 | Municipal Bonds | SCOBX vs SCMAX | |
| DWS Strategic High Yield Tax | 0.34 | 0.23 | 0.21 | 82 | High Yield Muni | SCOBX vs SHYTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCOBX
Add SCOBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCOBX