Looking to diversify beyond SEMCX? The mutual funds below have the lowest correlation with SEMCX — 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 SEMCX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.30, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.30 | 0.16 | 0.09 | 95 | Long-Short | SEMCX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.38 | 0.28 | 0.14 | 60 | Systematic Trend | SEMCX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.52 | 0.58 | 0.70 | 66 | Technology Equities | SEMCX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.62 | 0.65 | 0.74 | 70 | Large Cap Growth Equities | SEMCX vs NASDX | |
| Tarkio Fund | 0.73 | 0.79 | 0.85 | 68 | Mid Cap Blend Equities | SEMCX vs TARKX |
See all 30 diversifiers for SEMCX
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