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Schwab U.S. Mid-Cap Index Fund (SWMCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

To pursue its goal, the fund generally invests in securities that are included in the Russell Midcap Index. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. The Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity universe. It is a subset of the Russell 1000 Index, representing the smallest issuers in the Russell 1000 Index.

Looking to diversify beyond SWMCX? The mutual funds below have the lowest correlation with SWMCX — 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 SWMCX.

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 0.08, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EIPCX
Parametric Commodity Strategy Fund Class I0.080.170.23
89
CommoditiesSWMCX vs EIPCX
SFENX
Schwab Fundamental Emerging Markets Large Company ...0.530.520.56
86
Emerging Markets DiversifiedSWMCX vs SFENX
SCINX
DWS CROCI International Fund0.580.630.70
51
Foreign Large Cap EquitiesSWMCX vs SCINX
VNVYX
Natixis Funds Trust II Vaughan Nelson Mid Cap Fund0.660.750.84
71
Mid Cap Blend EquitiesSWMCX vs VNVYX
JECIX
John Hancock Variable Insurance Trust Mid Cap Inde...0.710.830.90
63
Mid Cap Blend EquitiesSWMCX vs JECIX
See all 63 diversifiers for SWMCX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SWMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWMCX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.36, down from 0.54 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.360.380.54
89
Technology

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