Looking to diversify beyond SDSCX? The mutual funds below have the lowest correlation with SDSCX — 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 SDSCX.
Best Diversifiers for SDSCX
0 mutual funds have low correlation with SDSCX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Floating Rate Income Fund (DFLYX) (Bank Loan) with a 1Y correlation of 0.31, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.31 | 0.30 | 0.29 | 82 | Bank Loan | SDSCX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.44 | 0.53 | 0.51 | 89 | Energy Equities | SDSCX vs DLDRX | |
| BNY Mellon High Yield Fund | 0.47 | 0.46 | 0.48 | 64 | High Yield Bonds | SDSCX vs DLHRX | |
| Essex Environmental Opportunities Fund | 0.71 | 0.77 | 0.81 | 72 | Mid Cap Growth Equities | SDSCX vs EEOFX | |
| BNY Mellon Equity Income Fund | 0.72 | 0.74 | 0.75 | 92 | Large Cap Value Equities | SDSCX vs DQIRX |
See all 14 diversifiers for SDSCX
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