Looking to diversify beyond SWJRX? The mutual funds below have historically moved differently from SWJRX, 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 SWJRX
2 mutual funds have low correlation with SWJRX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.09 | 0.40 | 66 | Diversified Portfolio | SWJRX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.15 | 0.23 | 0.28 | 83 | Diversified Portfolio | SWJRX vs SIFAX | |
| Standpoint Multi-Asset Fund Institutional | 0.32 | 0.40 | 0.41 | 84 | Diversified Portfolio | SWJRX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.33 | 0.46 | 0.60 | 87 | Diversified Portfolio | SWJRX vs EKBAX | |
| Schwab Tax-Free Bond Fund™ | 0.38 | 0.36 | 0.31 | 68 | Municipal Bonds | SWJRX vs SWNTX |
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