Looking to diversify beyond SWHRX? The mutual funds below have historically moved differently from SWHRX, 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 SWHRX
0 mutual funds have low correlation with SWHRX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Dividend Equity Fund™ (SWDSX) (Large Cap Value Equities) with a 1Y correlation of 0.56, down from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Dividend Equity Fund™ | 0.56 | 0.68 | 0.75 | 75 | Large Cap Value Equities | SWHRX vs SWDSX | |
| Schwab Fundamental US Large Company Index Fund | 0.79 | 0.82 | 0.84 | 96 | Large Cap Value Equities | SWHRX vs SFLNX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.81 | 0.80 | 0.82 | 76 | Small Cap Blend Equities | SWHRX vs SWSSX | |
| Dimensional Retirement Income Fund | 0.86 | 0.87 | 0.84 | 82 | Target Retirement Date | SWHRX vs TDIFX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.89 | 0.88 | 0.90 | 78 | Target Retirement Date | SWHRX vs DTDRX |
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