Looking to diversify beyond SWPRX? The mutual funds below have the lowest correlation with SWPRX — 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 SWPRX.
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 0.73, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.73 | 0.75 | 0.73 | 81 | Target Retirement Date | SWPRX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.79 | 0.81 | 83 | Target Retirement Date | SWPRX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.73 | 0.73 | 73 | Target Retirement Date | SWPRX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.81 | 0.72 | 0.70 | 71 | Target Retirement Date | SWPRX vs FRHMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.74 | 0.73 | 70 | Target Retirement Date | SWPRX vs FRQIX |
See all 55 diversifiers for SWPRX
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