Looking to diversify beyond SWPPX? The mutual funds below have historically moved differently from SWPPX, 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 SWPPX
15 mutual funds have low correlation with SWPPX (below 0.3), 2 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.20, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.20 | 0.33 | 0.51 | 58 | Quality Factor, Large Cap Value Equities | SWPPX vs GQHPX | |
| Fidelity Select Energy Portfolio | -0.08 | 0.19 | 0.32 | 87 | Energy Equities | SWPPX vs FSENX | |
| Fidelity Series Commodity Strategy Fund | 0.01 | 0.10 | 0.18 | 70 | Commodities | SWPPX vs FCSSX | |
| Rydex Energy Fund | 0.03 | 0.27 | 0.40 | 79 | Energy Equities | SWPPX vs RYEIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.08 | 0.14 | 91 | Inflation-Protected Bonds | SWPPX vs VTAPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWPPX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.03 | 0.11 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.04 | 0.12 | 52 | Utilities | |
| Chevron Corporation | -0.23 | 0.05 | 0.21 | 79 | Energy | |
| Exxon Mobil Corporation | -0.23 | 0.02 | 0.19 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.05 | 0.20 | 68 | Energy |
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