Looking to diversify beyond SWERX? The mutual funds below have the lowest correlation with SWERX — 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 SWERX.
Best Diversifiers for SWERX
0 mutual funds have low correlation with SWERX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.78, roughly unchanged from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 77 | Target Retirement Date | SWERX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.77 | 0.76 | 65 | Target Retirement Date | SWERX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.76 | 0.76 | 70 | Target Retirement Date | SWERX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.84 | 0.75 | 0.73 | 65 | Target Retirement Date | SWERX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.84 | 0.76 | 0.76 | 69 | Target Retirement Date | SWERX vs FRQKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWERX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWERX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.45, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.45 | 0.49 | 0.60 | 87 | Technology |
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