Looking to diversify beyond SEMGX? The mutual funds below have the lowest correlation with SEMGX — 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 SEMGX.
Best Diversifiers for SEMGX
7 mutual funds have low correlation with SEMGX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS California Tax (KCTAX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS California Tax | 0.18 | 0.12 | 0.12 | 64 | Municipal Bonds | SEMGX vs KCTAX | |
| DWS Strategic High Yield Tax | 0.19 | 0.13 | 0.13 | 65 | High Yield Muni | SEMGX vs SHYTX | |
| DWS Massachusetts Tax Free Fund | 0.20 | 0.13 | 0.13 | 74 | Municipal Bonds | SEMGX vs SCMAX | |
| DWS Intermediate Tax-Free Fund | 0.21 | 0.14 | 0.12 | 65 | Municipal Bonds | SEMGX vs SCMTX | |
| DWS Short Term Municipal Bond Fund | 0.22 | 0.12 | 0.12 | 70 | Municipal Bonds | SEMGX vs MGSMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEMGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEMGX and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.24 | 0.20 | 0.27 | 77 | Industrials |
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