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
12 mutual funds have low correlation with STEW (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | 0.05 | — | 73 | Diversified Portfolio | STEW vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.20 | — | 64 | Diversified Portfolio | STEW vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.15 | 0.40 | — | 95 | Diversified Portfolio | STEW vs FCSRX | |
| Chartwell Income Fund | 0.17 | 0.30 | — | 88 | Diversified Portfolio | STEW vs BERIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.17 | 0.40 | — | 96 | Diversified Portfolio | STEW vs FIQDX |
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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 0.24, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.24 | 0.40 | 0.50 | 78 | Financial Services | |
| BlackRock Science and Technology Trust | 0.30 | 0.40 | 0.51 | 88 | Financial Services | |
| Central Securities Corp. | 0.48 | 0.60 | 0.68 | 82 | Financial Services |
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