Looking to diversify beyond SKIRX? The mutual funds below have historically moved differently from SKIRX, 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 SKIRX
5 mutual funds have low correlation with SKIRX (below 0.3), 1 of which are negatively correlated. The least correlated is DWS Global High Income Fund (MGHYX) (High Yield Bonds) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Global High Income Fund | -0.13 | 0.01 | 0.13 | 74 | High Yield Bonds | SKIRX vs MGHYX | |
| DWS S&P 500 Index Fund | 0.06 | 0.10 | 0.16 | 56 | S&P 500 | SKIRX vs SCPIX | |
| DWS Equity 500 Index Fund | 0.06 | 0.11 | 0.16 | 59 | Large Cap Blend Equities | SKIRX vs BTIIX | |
| DWS Core Equity Fund | 0.06 | 0.11 | 0.17 | 63 | Large Cap Blend Equities | SKIRX vs SCDGX | |
| DWS CROCI International Fund | 0.10 | 0.21 | 0.26 | 88 | Foreign Large Cap Equities | SKIRX vs SCINX |
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