Looking to diversify beyond SWBRX? The mutual funds below have historically moved differently from SWBRX, 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 SWBRX
0 mutual funds have low correlation with SWBRX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Monthly Income Fund - Enhanced Payout (SWKRX) (Diversified Portfolio) with a 1Y correlation of 0.69, down from 0.86 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Monthly Income Fund - Enhanced Payout | 0.69 | 0.80 | 0.86 | 90 | Diversified Portfolio | SWBRX vs SWKRX | |
| Schwab Fundamental US Large Company Index Fund | 0.75 | 0.76 | 0.77 | 96 | Large Cap Value Equities | SWBRX vs SFLNX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.79 | 0.75 | 0.76 | 76 | Small Cap Blend Equities | SWBRX vs SWSSX | |
| Voya Target Retirement 2040 Fund | 0.84 | 0.87 | 0.87 | 76 | Target Retirement Date | SWBRX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.84 | 0.85 | 78 | Target Retirement Date | SWBRX vs DRILX |
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