Looking to diversify beyond STEW? The mutual funds below have the lowest correlation with STEW — 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 STEW.
Best Diversifiers for STEW
11 mutual funds have low correlation with STEW (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | — | 70 | Diversified Portfolio | STEW vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.19 | 0.38 | — | 82 | Diversified Portfolio | STEW vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.20 | 0.39 | — | 88 | Diversified Portfolio | STEW vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.20 | 0.38 | — | 88 | Diversified Portfolio | STEW vs FIQDX | |
| Chartwell Income Fund | 0.20 | 0.30 | — | 57 | Diversified Portfolio | STEW vs BERIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STEW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STEW and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.23, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.23 | 0.39 | 0.50 | 79 | Financial Services | |
| BlackRock Science and Technology Trust | 0.28 | 0.40 | 0.51 | 88 | Financial Services | |
| Central Securities Corp. | 0.48 | 0.60 | 0.67 | 78 | Financial Services |
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