Looking to diversify beyond SWBGX? The mutual funds below have the lowest correlation with SWBGX — 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 SWBGX.
Best Diversifiers for SWBGX
4 mutual funds have low correlation with SWBGX (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 -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.03 | 0.14 | 60 | Diversified Portfolio | SWBGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.48 | 67 | Diversified Portfolio | SWBGX vs MHELX | |
| PIMCO Short Term Fund | 0.06 | -0.05 | -0.08 | 99 | Ultrashort Bond | SWBGX vs PTSHX | |
| Schwab Tax-Free Bond Fund™ | 0.30 | 0.28 | 0.24 | 71 | Municipal Bonds | SWBGX vs SWNTX | |
| Concorde Wealth Management Fund | 0.42 | 0.63 | 0.72 | 73 | Diversified Portfolio | SWBGX vs CONWX |
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