Looking to diversify beyond SLAFX? The mutual funds below have historically moved differently from SLAFX, 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 SLAFX
0 mutual funds have low correlation with SLAFX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS CROCI Equity Dividend Fd (KDHAX) (Large Cap Value Equities) with a 1Y correlation of 0.33, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS CROCI Equity Dividend Fd | 0.33 | 0.36 | 0.39 | 62 | Large Cap Value Equities | SLAFX vs KDHAX | |
| DWS Global High Income Fund | 0.40 | 0.36 | 0.37 | 74 | High Yield Bonds | SLAFX vs MGHYX | |
| DWS RREEF Real Assets Fund - Class A | 0.52 | 0.51 | 0.53 | 77 | Diversified Portfolio | SLAFX vs AAAAX | |
| DWS RREEF Real Assets Fund | 0.53 | 0.51 | 0.53 | 77 | Global Allocation | SLAFX vs AAAZX | |
| DWS S&P 500 Index Fund | 0.53 | 0.47 | 0.46 | 56 | S&P 500 | SLAFX vs SCPIX |
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