Looking to diversify beyond SLCGX? The mutual funds below have the lowest correlation with SLCGX — 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 SLCGX.
Best Diversifiers for SLCGX
1 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 0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | 0.00 | 0.03 | 0.03 | 93 | Ultrashort Bond | SLCGX vs SMBPX | |
| Emerald Insights Fund | 0.38 | 0.79 | 0.86 | 98 | Large Cap Growth Equities | SLCGX vs EFCNX | |
| Columbia Dividend Income Fund Class A | 0.43 | 0.54 | 0.66 | 62 | Large Cap Value Equities | SLCGX vs LBSAX | |
| ICON Equity Fund | 0.57 | 0.57 | 0.70 | 70 | Large Cap Growth Equities | SLCGX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.68 | 0.74 | 84 | Large Cap Growth Equities | SLCGX vs DNVYX |
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