Looking to diversify beyond SAGWX? The mutual funds below have the lowest correlation with SAGWX — 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 SAGWX.
Best Diversifiers for SAGWX
2 mutual funds have low correlation with SAGWX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.12 | 0.07 | 0.04 | 98 | Ultrashort Bond | SAGWX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.18 | 0.15 | 0.11 | 58 | Municipal Bonds | SAGWX vs TOHAX | |
| Touchstone Ares Credit Opportunities Fund Class Y | 0.46 | 0.46 | 0.48 | 60 | High Yield Bonds | SAGWX vs TMAYX | |
| Touchstone High Yield Fund | 0.48 | 0.49 | 0.48 | 84 | High Yield Bonds | SAGWX vs THYAX | |
| Touchstone Ares Credit Opportunities Fund | 0.48 | 0.47 | 0.49 | 65 | High Yield Bonds | SAGWX vs TARBX |
See all 39 diversifiers for SAGWX
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