Looking to diversify beyond SAGWX? The mutual funds below have historically moved differently from SAGWX, 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 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 0.17, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.17 | 0.09 | 0.05 | 99 | Ultrashort Bond | SAGWX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.22 | 0.16 | 0.12 | 55 | Municipal Bonds | SAGWX vs TOHAX | |
| Touchstone High Yield Fund | 0.49 | 0.48 | 0.48 | 81 | High Yield Bonds | SAGWX vs THYAX | |
| Touchstone International Equity Fund | 0.51 | 0.56 | 0.64 | 94 | Foreign Large Cap Equities | SAGWX vs SWRLX | |
| Oberweis Micro Cap Fund | 0.53 | 0.74 | 0.82 | 79 | Small Cap Growth Equities | SAGWX vs OBMCX |
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