Looking to diversify beyond SWHYX? The mutual funds below have historically moved differently from SWHYX, 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 SWHYX
15 mutual funds have low correlation with SWHYX (below 0.3), 1 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 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | -0.01 | 0.21 | 0.24 | 94 | 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... | 0.10 | 0.12 | 0.10 | 99 | Municipal Bonds | SWHYX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.12 | 0.12 | 0.14 | 100 | Municipal Bonds | SWHYX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.26 | 0.36 | 100 | Municipal Bonds | SWHYX vs DFSMX |
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