Looking to diversify beyond SCQGX? The mutual funds below have historically moved differently from SCQGX, 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 SCQGX
3 mutual funds have low correlation with SCQGX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS RREEF Real Assets Fund - Class A (AAAAX) (Diversified Portfolio) with a 1Y correlation of 0.13, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | 0.13 | 0.30 | 0.44 | 77 | Diversified Portfolio | SCQGX vs AAAAX | |
| DWS RREEF Real Assets Fund | 0.13 | 0.30 | 0.44 | 77 | Global Allocation | SCQGX vs AAAZX | |
| DWS CROCI Equity Dividend Fd | 0.14 | 0.22 | 0.39 | 62 | Large Cap Value Equities | SCQGX vs KDHAX | |
| DWS CROCI International Fund | 0.47 | 0.47 | 0.57 | 88 | Foreign Large Cap Equities | SCQGX vs SCINX | |
| DWS Global High Income Fund | 0.51 | 0.40 | 0.44 | 74 | High Yield Bonds | SCQGX vs MGHYX |
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