Looking to diversify beyond SWKRX? The mutual funds below have the lowest correlation with SWKRX — 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 SWKRX.
Best Diversifiers for SWKRX
2 mutual funds have low correlation with SWKRX (below 0.3), 1 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 -0.03, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.10 | 0.37 | 67 | Diversified Portfolio | SWKRX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.19 | 0.26 | 0.28 | 60 | Diversified Portfolio | SWKRX vs SIFAX | |
| Standpoint Multi-Asset Fund Institutional | 0.36 | 0.40 | 0.39 | 80 | Diversified Portfolio | SWKRX vs BLNDX | |
| Allspring Diversified Capital Builder Fund | 0.38 | 0.48 | 0.60 | 92 | Diversified Portfolio | SWKRX vs EKBAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.38 | 0.41 | 0.47 | 99 | Diversified Portfolio | SWKRX vs STDAX |
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