Looking to diversify beyond SWAGX? The mutual funds below have historically moved differently from SWAGX, 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 SWAGX
26 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 -0.32, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.32 | -0.10 | -0.10 | 87 | Energy Equities | SWAGX vs FSENX | |
| Parametric Commodity Strategy Fund Class A | -0.19 | -0.09 | -0.02 | 84 | Commodities | SWAGX vs EAPCX | |
| AQR Long-Short Equity Fund | 0.02 | -0.05 | -0.12 | 78 | Long-Short | SWAGX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.02 | -0.05 | -0.12 | 75 | Long-Short, Actively Managed | SWAGX vs QLENX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.10 | 0.12 | 95 | Bank Loan | SWAGX vs FFRHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWAGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.38, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.38 | -0.16 | -0.13 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.33 | -0.13 | -0.11 | 70 | Energy | |
| BP p.l.c. | -0.32 | -0.14 | -0.13 | 84 | Energy | |
| Devon Energy Corporation | -0.30 | -0.12 | -0.10 | 76 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.10 | -0.10 | 84 | Energy |
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