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
38 mutual funds have low correlation with SWAGX (below 0.3), 1 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of -0.17, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | -0.17 | -0.06 | -0.02 | 54 | Commodities | SWAGX vs EAPCX | |
| AQR Long-Short Equity Fund | 0.07 | -0.05 | -0.12 | 57 | Long-Short | SWAGX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.07 | -0.05 | -0.12 | 54 | Long-Short, Actively Managed | SWAGX vs QLENX | |
| Fidelity Floating Rate High Income Fund | 0.10 | 0.11 | 0.11 | 92 | Bank Loan | SWAGX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | 0.07 | 0.08 | 96 | Semiconductors, Technology Equities | SWAGX vs FSELX |
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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 -0.30, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.30 | -0.11 | -0.12 | 65 | Energy | |
| Exxon Mobil Corporation | -0.26 | -0.08 | -0.10 | 72 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.11 | 70 | Energy | |
| BP p.l.c. | -0.23 | -0.09 | -0.12 | 77 | Energy | |
| Energy Transfer LP | -0.21 | -0.03 | -0.06 | 72 | Energy |
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