Looking to diversify beyond SWEGX? The mutual funds below have historically moved differently from SWEGX, 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 SWEGX
2 mutual funds have low correlation with SWEGX (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 -0.22, down from 0.11 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... | -0.22 | -0.03 | 0.11 | 69 | Diversified Portfolio | SWEGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.12 | 0.49 | 73 | Diversified Portfolio | SWEGX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.63 | 85 | Diversified Portfolio | SWEGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.57 | 0.63 | 87 | Diversified Portfolio | SWEGX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.39 | 0.57 | 0.63 | 94 | Diversified Portfolio | SWEGX vs FSRRX |
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