Looking to diversify beyond SWPRX? The mutual funds below have historically moved differently from SWPRX, 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 SWPRX
0 mutual funds have low correlation with SWPRX (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 0.80, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.80 | 0.77 | 0.73 | 83 | Target Retirement Date | SWPRX vs TDIFX | |
| Schwab Fundamental US Large Company Index Fund | 0.80 | 0.86 | 0.88 | 97 | Large Cap Value Equities | SWPRX vs SFLNX | |
| MFS Lifetime Income Fund | 0.83 | 0.78 | 0.79 | 58 | Target Retirement Date | SWPRX vs MLLIX | |
| Prudential Day One Income Fund | 0.84 | 0.79 | 0.81 | 85 | Target Retirement Date | SWPRX vs PDAHX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.85 | 0.85 | 0.86 | 84 | Small Cap Blend Equities | SWPRX vs SWSSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWPRX, 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 The Charles Schwab Corporation (SCHW) (Financial Services) with a 1Y correlation of 0.23, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Charles Schwab Corporation | 0.23 | 0.42 | 0.48 | 54 | Financial Services |
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