Looking to diversify beyond SWHFX? The mutual funds below have the lowest correlation with SWHFX — 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 SWHFX.
Best Diversifiers for SWHFX
3 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 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.07 | 0.18 | 0.21 | 92 | Bank Loan | SWHFX vs FFRHX | |
| DWS Science and Technology Fund | 0.12 | 0.28 | 0.43 | 58 | Technology Equities | SWHFX vs KTCAX | |
| Payden Emerging Markets Bond Fund | 0.28 | 0.27 | 0.27 | 86 | Emerging Markets Bonds | SWHFX vs PYEMX | |
| PGIM High Yield Fund Class Z | 0.38 | 0.35 | 0.36 | 70 | High Yield Bonds | SWHFX vs PHYZX | |
| Vanguard 500 Index Fund Admiral Shares | 0.38 | 0.50 | 0.62 | 66 | S&P 500, Large Cap Blend Equities | SWHFX vs VFIAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWHFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWHFX and solid risk/return profiles. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of -0.01, down from 0.17 over 5 years.
Build a portfolio that complements SWHFX
Add SWHFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWHFX