Looking to diversify beyond SWHYX? The mutual funds below have the lowest correlation with SWHYX — 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 SWHYX.
Best Diversifiers for SWHYX
16 mutual funds have low correlation with SWHYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.22 | 0.23 | 95 | Municipal Bonds | SWHYX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.12 | 0.11 | 99 | Municipal Bonds | SWHYX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.12 | 0.10 | 99 | Municipal Bonds | SWHYX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.15 | 0.13 | 0.15 | 99 | Municipal Bonds | SWHYX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.36 | 100 | Municipal Bonds | SWHYX vs DFSMX |
See all 31 diversifiers for SWHYX
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