Looking to diversify beyond SCSBX? The mutual funds below have historically moved differently from SCSBX, 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 SCSBX
2 mutual funds have low correlation with SCSBX (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 0.21, down from 0.32 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 | 0.21 | 0.37 | 0.32 | 77 | Diversified Portfolio | SCSBX vs AAAAX | |
| DWS RREEF Real Assets Fund | 0.22 | 0.37 | 0.32 | 77 | Global Allocation | SCSBX vs AAAZX | |
| Holbrook Income Fund Class I | 0.37 | 0.31 | 0.38 | 99 | Intermediate Core-Plus Bond | SCSBX vs HOBIX | |
| DWS Core Equity Fund | 0.37 | 0.25 | 0.20 | 63 | Large Cap Blend Equities | SCSBX vs SCDGX | |
| DWS Equity 500 Index Fund | 0.38 | 0.25 | 0.20 | 59 | Large Cap Blend Equities | SCSBX vs BTIIX |
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