Looking to diversify beyond SLAFX? The mutual funds below have the lowest correlation with SLAFX — 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 SLAFX.
Best Diversifiers for SLAFX
0 mutual funds have low correlation with SLAFX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Global High Income Fund (MGHYX) (High Yield Bonds) with a 1Y correlation of 0.39, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Global High Income Fund | 0.39 | 0.37 | 0.36 | 76 | High Yield Bonds | SLAFX vs MGHYX | |
| DWS Science and Technology Fund | 0.45 | 0.37 | 0.39 | 58 | Technology Equities | SLAFX vs KTCAX | |
| DWS Equity 500 Index Fund | 0.52 | 0.46 | 0.46 | 66 | Large Cap Blend Equities | SLAFX vs BTIIX | |
| DWS S&P 500 Index Fund | 0.52 | 0.47 | 0.46 | 65 | S&P 500 | SLAFX vs SCPIX | |
| DWS Core Equity Fund | 0.53 | 0.48 | 0.48 | 61 | Large Cap Blend Equities | SLAFX vs SCDGX |
See all 7 diversifiers for SLAFX
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