Looking to diversify beyond SWMRX? The mutual funds below have historically moved differently from SWMRX, 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 SWMRX
0 mutual funds have low correlation with SWMRX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.81, roughly unchanged from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.81 | 0.78 | 0.75 | 81 | Target Retirement Date | SWMRX vs TDIFX | |
| Schwab Fundamental US Large Company Index Fund | 0.81 | 0.87 | 0.88 | 96 | Large Cap Value Equities | SWMRX vs SFLNX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.82 | 0.72 | 0.67 | 53 | Target Retirement Date | SWMRX vs DRIQX | |
| MFS Lifetime Income Fund | 0.84 | 0.79 | 0.80 | 66 | Target Retirement Date | SWMRX vs MLLIX | |
| Prudential Day One Income Fund | 0.85 | 0.81 | 0.82 | 85 | Target Retirement Date | SWMRX vs PDAHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SWMRX
Add SWMRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWMRX