Looking to diversify beyond SLCGX? The mutual funds below have historically moved differently from SLCGX, 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 SLCGX
2 mutual funds have low correlation with SLCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.01 | 0.03 | 0.03 | 95 | Ultrashort Bond | SLCGX vs SMBPX | |
| Saratoga Health & Biotechnology Fund | 0.11 | 0.27 | 0.43 | 71 | Health & Biotech Equities | SLCGX vs SHPAX | |
| Cullen International High Dividend Fund | 0.32 | 0.36 | 0.48 | 77 | Foreign Large Cap Equities | SLCGX vs CIHIX | |
| Columbia Dividend Income Fund Class A | 0.37 | 0.51 | 0.65 | 89 | Large Cap Value Equities | SLCGX vs LBSAX | |
| American Growth Fund Series One | 0.60 | 0.72 | 0.80 | 56 | Large Cap Growth Equities | SLCGX vs AMRGX |
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