Looking to diversify beyond SWAGX? The mutual funds below have the lowest correlation with SWAGX — 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 SWAGX.
Best Diversifiers for SWAGX
75 mutual funds have low correlation with SWAGX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.26, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.26 | -0.07 | -0.10 | 78 | Energy Equities | SWAGX vs FSENX | |
| Parametric Commodity Strategy Fund Class A | -0.19 | -0.05 | -0.02 | 90 | Commodities | SWAGX vs EAPCX | |
| AQR Long-Short Equity N | 0.02 | -0.07 | -0.13 | 58 | Long-Short | SWAGX vs QLENX | |
| AQR Long-Short Equity Fund | 0.03 | -0.06 | -0.13 | 61 | Long-Short | SWAGX vs QLEIX | |
| Fidelity Select Technology Portfolio | 0.08 | 0.10 | 0.09 | 93 | Technology Equities | SWAGX vs FSPTX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWAGX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.26, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.26 | -0.10 | -0.12 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.10 | 85 | Energy | |
| Chevron Corporation | -0.22 | -0.07 | -0.11 | 83 | Energy | |
| BP p.l.c. | -0.22 | -0.09 | -0.12 | 87 | Energy | |
| Energy Transfer LP | -0.21 | -0.03 | -0.06 | 73 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SWAGX
Add SWAGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWAGX