Looking to diversify beyond SWHFX? The mutual funds below have historically moved differently from SWHFX, 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 SWHFX
5 mutual funds have low correlation with SWHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.03, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.03 | 0.16 | 0.20 | 95 | Bank Loan | SWHFX vs FFRHX | |
| Payden Emerging Markets Bond Fund | 0.24 | 0.26 | 0.26 | 81 | Emerging Markets Bonds | SWHFX vs PYEMX | |
| Vanguard 500 Index Fund Admiral Shares | 0.28 | 0.47 | 0.59 | 63 | S&P 500, Large Cap Blend Equities | SWHFX vs VFIAX | |
| Schwab S&P 500 Index Fund | 0.28 | 0.47 | 0.59 | 63 | Large Cap Blend Equities, S&P 500 | SWHFX vs SWPPX | |
| Schwab 1000 Index Fund | 0.29 | 0.48 | 0.59 | 60 | Large Cap Blend Equities | SWHFX vs SNXFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWHFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of -0.04, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | -0.04 | 0.10 | 0.16 | 80 | Energy | |
| Vale S.A. | 0.20 | 0.24 | 0.24 | 89 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.31 | 0.43 | 0.50 | 61 | Financial Services | |
| AGNC Investment Corp. | 0.32 | 0.41 | 0.41 | 79 | Real Estate | |
| Annaly Capital Management, Inc. | 0.33 | 0.41 | 0.44 | 80 | Real Estate |
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