Looking to diversify beyond SWBGX? The mutual funds below have historically moved differently from SWBGX, 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 SWBGX
3 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 -0.21, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.00 | 0.13 | 83 | Diversified Portfolio | SWBGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.48 | 66 | Diversified Portfolio | SWBGX vs MHELX | |
| PIMCO Short Term Fund | 0.07 | -0.03 | -0.08 | 99 | Ultrashort Bond | SWBGX vs PTSHX | |
| Schwab Tax-Free Bond Fund™ | 0.31 | 0.27 | 0.24 | 68 | Municipal Bonds | SWBGX vs SWNTX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.64 | 91 | Diversified Portfolio | SWBGX vs FIQDX |
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