Looking to diversify beyond SEMCX? The mutual funds below have historically moved differently from SEMCX, 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 SEMCX
1 mutual funds have low correlation with SEMCX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.25, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.25 | 0.12 | 0.07 | 97 | Equity Market Neutral | SEMCX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.37 | 0.29 | 0.13 | 66 | Systematic Trend | SEMCX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.65 | 0.67 | 0.73 | 64 | Derivative Income | SEMCX vs BDJ | |
| 13D Activist Fund | 0.70 | 0.80 | 0.85 | 78 | Mid Cap Blend Equities | SEMCX vs DDDIX | |
| Tarkio Fund | 0.72 | 0.79 | 0.85 | 65 | Mid Cap Blend Equities | SEMCX vs TARKX |
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