Looking to diversify beyond SDSCX? The mutual funds below have historically moved differently from SDSCX, 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 SDSCX
1 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 0.27, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.27 | 0.27 | 0.28 | 85 | Bank Loan | SDSCX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.43 | 0.50 | 0.50 | 85 | Energy Equities | SDSCX vs DLDRX | |
| BNY Mellon Global Real Estate Securities Fund | 0.45 | 0.52 | 0.58 | 57 | REIT | SDSCX vs DRLIX | |
| BNY Mellon Global Equity Income Fund | 0.60 | 0.60 | 0.64 | 83 | Dividend, Global Equities | SDSCX vs DQEIX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.66 | 0.69 | 0.72 | 89 | Mid Cap Value Equities | SDSCX vs VMVAX |
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