Looking to diversify beyond SSCGX? The mutual funds below have historically moved differently from SSCGX, 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 SSCGX
0 mutual funds have low correlation with SSCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.37, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.37 | 0.28 | 0.14 | 67 | Systematic Trend | SSCGX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.19 | 0.10 | 98 | Equity Market Neutral | SSCGX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.62 | 0.61 | 0.67 | 66 | Derivative Income | SSCGX vs BDJ | |
| iShares S&P 500 Index Fund Class K | 0.80 | 0.80 | 0.83 | 59 | S&P 500 | SSCGX vs WFSPX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.81 | 0.81 | 0.84 | 67 | Diversified Portfolio, Municipal Bonds | SSCGX vs VTMFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SSCGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.53 | 0.59 | 0.68 | 89 |
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