Looking to diversify beyond SWDRX? The mutual funds below have historically moved differently from SWDRX, 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 SWDRX
0 mutual funds have low correlation with SWDRX (below 0.3), 0 of which are negatively correlated. The least correlated is Shenkman Capital Floating Rate High Income Fund (SFHIX) (Bank Loan) with a 1Y correlation of 0.38, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shenkman Capital Floating Rate High Income Fund | 0.38 | 0.36 | 0.37 | 75 | Bank Loan | SWDRX vs SFHIX | |
| Schwab Fundamental US Large Company Index Fund | 0.81 | 0.85 | 0.87 | 96 | Large Cap Value Equities | SWDRX vs SFLNX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.84 | 0.83 | 0.84 | 79 | Small Cap Blend Equities | SWDRX vs SWSSX | |
| Dimensional Retirement Income Fund | 0.84 | 0.83 | 0.80 | 81 | Target Retirement Date | SWDRX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.87 | 0.88 | 0.88 | 70 | Target Retirement Date | SWDRX vs ISOLX |
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