Looking to diversify beyond SWPPX? The mutual funds below have the lowest correlation with SWPPX — 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 SWPPX.
Best Diversifiers for SWPPX
9 mutual funds have low correlation with SWPPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.10 | 0.14 | 84 | Inflation-Protected Bonds | SWPPX vs VTAPX | |
| Parametric Commodity Strategy Fund Class A | 0.08 | 0.15 | 0.20 | 54 | Commodities | SWPPX vs EAPCX | |
| Parametric Commodity Strategy Fund Class I | 0.10 | 0.15 | 0.21 | 55 | Commodities | SWPPX vs EIPCX | |
| T. Rowe Price California Tax Free Bond Fund | 0.16 | 0.16 | 0.12 | 82 | Municipal Bonds | SWPPX vs PRXCX | |
| Schwab California Tax-Free Bond Fund™ | 0.17 | 0.13 | 0.10 | 66 | Municipal Bonds | SWPPX vs SWCAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWPPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWPPX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.01 | 0.12 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.17 | 0.04 | 0.21 | 72 | Energy | |
| Duke Energy Corporation | -0.14 | -0.00 | 0.11 | 62 | Utilities | |
| Chevron Corporation | -0.13 | 0.07 | 0.21 | 70 | Energy | |
| The Coca-Cola Company | -0.12 | 0.05 | 0.25 | 74 | Consumer Defensive |
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Build a portfolio that complements SWPPX
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