Looking to diversify beyond SEMGX? The mutual funds below have historically moved differently from SEMGX, 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 SEMGX
14 mutual funds have low correlation with SEMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.13, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.13 | 0.46 | 0.57 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | SEMGX vs GSIYX | |
| DWS CROCI Equity Dividend Fd | 0.13 | 0.27 | 0.35 | 62 | Large Cap Value Equities | SEMGX vs KDHAX | |
| The Cook & Bynum Fund | 0.18 | 0.34 | 0.43 | 66 | Emerging Markets Equities | SEMGX vs COBYX | |
| DWS California Tax | 0.21 | 0.13 | 0.13 | 71 | Municipal Bonds | SEMGX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.21 | 0.13 | 0.14 | 77 | Municipal Bonds | SEMGX vs SCMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SEMGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.24, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.24 | 0.20 | 0.26 | 82 | Industrials |
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