Looking to diversify beyond SWHGX? The mutual funds below have historically moved differently from SWHGX, 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 SWHGX
2 mutual funds have low correlation with SWHGX (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 -0.21, down from 0.12 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... | -0.21 | -0.02 | 0.12 | 77 | Diversified Portfolio | SWHGX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.13 | 0.49 | 66 | Diversified Portfolio | SWHGX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.63 | 90 | Diversified Portfolio | SWHGX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.58 | 0.64 | 95 | Diversified Portfolio | SWHGX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.58 | 0.63 | 87 | Diversified Portfolio | SWHGX vs FCSRX |
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