Looking to diversify beyond SWNTX? The mutual funds below have historically moved differently from SWNTX, 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 SWNTX
12 mutual funds have low correlation with SWNTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.15 | 0.21 | 91 | Municipal Bonds | SWNTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.19 | 0.23 | 94 | Municipal Bonds | SWNTX vs DMREX | |
| Schwab Fundamental US Large Company Index Fund | 0.21 | 0.16 | 0.11 | 96 | Large Cap Value Equities | SWNTX vs SFLNX | |
| Schwab 1000 Index Fund | 0.21 | 0.16 | 0.13 | 60 | Large Cap Blend Equities | SWNTX vs SNXFX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.21 | 0.15 | 0.13 | 79 | Small Cap Blend Equities | SWNTX vs SWSSX |
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