Looking to diversify beyond SWRLX? The mutual funds below have the lowest correlation with SWRLX — 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 SWRLX.
Best Diversifiers for SWRLX
2 mutual funds have low correlation with SWRLX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.19 | 0.09 | 0.08 | 98 | Ultrashort Bond | SWRLX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.23 | 0.17 | 0.16 | 59 | Municipal Bonds | SWRLX vs TOHAX | |
| Touchstone High Yield Fund | 0.54 | 0.50 | 0.54 | 83 | High Yield Bonds | SWRLX vs THYAX | |
| Touchstone Ares Credit Opportunities Fund | 0.55 | 0.49 | 0.56 | 64 | High Yield Bonds | SWRLX vs TARBX | |
| Touchstone Small Cap Value Fund | 0.56 | 0.58 | 0.64 | 71 | Small Cap Value Equities | SWRLX vs TVOAX |
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