Looking to diversify beyond SWMCX? The mutual funds below have historically moved differently from SWMCX, 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 SWMCX
1 mutual funds have low correlation with SWMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class I (EIPCX) (Commodities) with a 1Y correlation of 0.09, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class I | 0.09 | 0.14 | 0.21 | 85 | Commodities | SWMCX vs EIPCX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 0.53 | 0.52 | 0.56 | 76 | Emerging Markets Equities | SWMCX vs SFENX | |
| DWS CROCI International Fund | 0.59 | 0.62 | 0.70 | 88 | Foreign Large Cap Equities | SWMCX vs SCINX | |
| Schwab Fundamental International Small Company Ind... | 0.67 | 0.67 | 0.73 | 64 | Foreign Small & Mid Cap Equities | SWMCX vs SFILX | |
| Schwab Fundamental International Equity Index Fund | 0.69 | 0.69 | 0.73 | 91 | Foreign Large Cap Equities | SWMCX vs SFNNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWMCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.17, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.17 | 0.42 | 0.55 | 61 | Financial Services | |
| Apple Inc | 0.31 | 0.37 | 0.53 | 89 | Technology |
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