Looking to diversify beyond SWASX? The mutual funds below have historically moved differently from SWASX, 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 SWASX
3 mutual funds have low correlation with SWASX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.26, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.26 | -0.16 | -0.16 | 99 | REIT | SWASX vs QREARX | |
| Parametric Commodity Strategy Fund Class A | -0.05 | 0.07 | 0.16 | 84 | Commodities | SWASX vs EAPCX | |
| Redwood Real Estate Income Fund | 0.00 | — | — | 100 | REIT | SWASX vs CREMX | |
| Schwab S&P 500 Index Fund | 0.36 | 0.52 | 0.63 | 63 | Large Cap Blend Equities, S&P 500 | SWASX vs SWPPX | |
| Schwab 1000 Index Fund | 0.36 | 0.54 | 0.64 | 60 | Large Cap Blend Equities | SWASX vs SNXFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWASX, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.64, roughly unchanged from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.64 | 0.63 | 0.68 | 77 | Real Estate |
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