Looking to diversify beyond SGDLX? The mutual funds below have historically moved differently from SGDLX, 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 SGDLX
0 mutual funds have low correlation with SGDLX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab S&P 500 Index Fund (SWPPX) (Large Cap Blend Equities) with a 1Y correlation of 0.41, up from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab S&P 500 Index Fund | 0.41 | 0.29 | 0.30 | 59 | Large Cap Blend Equities, S&P 500 | SGDLX vs SWPPX | |
| Vanguard Global Capital Cycles Fund | 0.71 | 0.67 | 0.67 | 95 | Global Equities | SGDLX vs VGPMX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SGDLX, 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 Seagate Technology plc (STX) (Technology) with a 1Y correlation of 0.29, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | 0.29 | 0.23 | 0.23 | 99 | Technology |
Build a portfolio that complements SGDLX
Add SGDLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SGDLX