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Schwab Tax-Free Bond Fund™ (SWNTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks high current income that is exempt from federal income tax, consistent with capital preservation. To pursue its goal, the fund primarily invests in investment-grade municipal securities - those in the four highest credit rating categories (rated AAA to BBB- or the unrated equivalent as determined by the investment adviser). It normally invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal securities the interest from which is exempt from federal income tax, including the federal alternative minimum tax (AMT).

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

Best Diversifiers for SWNTX

15 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 -0.01, down from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DCARX
DFA California Municipal Real Return Portfolio-0.010.150.21
95
Municipal BondsSWNTX vs DCARX
DMREX
DFA Municipal Real Return Portfolio0.020.200.23
95
Municipal BondsSWNTX vs DMREX
SWPPX
Schwab S&P 500 Index Fund0.180.150.12
65
Large Cap Blend Equities, S&P 500SWNTX vs SWPPX
SFLNX
Schwab Fundamental US Large Company Index Fund0.180.160.10
92
Large Cap Value EquitiesSWNTX vs SFLNX
SNXFX
Schwab 1000 Index Fund0.180.160.13
61
Large Cap Blend EquitiesSWNTX vs SNXFX
See all 40 diversifiers for SWNTX

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