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 0.78, 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 | 0.78 | 0.76 | 0.73 | 83 | Target Retirement Date | SWPRX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.79 | 0.71 | 0.70 | 71 | Target Retirement Date | SWPRX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.73 | 0.73 | 71 | Target Retirement Date | SWPRX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.73 | 0.73 | 68 | Target Retirement Date | SWPRX vs FRQAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.72 | 0.70 | 86 | Target Retirement Date | SWPRX vs FRAMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWPRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWPRX and solid risk/return profiles. The least correlated is The Charles Schwab Corporation (SCHW) (Financial Services) with a 1Y correlation of 0.22, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Charles Schwab Corporation | 0.22 | 0.42 | 0.48 | 60 | Financial Services |
Build a portfolio that complements SWPRX
Add SWPRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWPRX