Looking to diversify beyond SGDIX? The mutual funds below have historically moved differently from SGDIX, 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 SGDIX
0 mutual funds have low correlation with SGDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Blackrock Resources & Commodities Strategy Trust (BCX) (Natural Resources) with a 1Y correlation of 0.48, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Blackrock Resources & Commodities Strategy Trust | 0.48 | 0.43 | 0.44 | 53 | Natural Resources | SGDIX vs BCX | |
| PGIM Jennison Natural Resources R6 | 0.70 | 0.63 | 0.57 | 72 | Natural Resources | SGDIX vs PJNQX |
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