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
1 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 0.16, roughly unchanged 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 | 0.16 | 0.06 | 0.08 | 98 | Ultrashort Bond | SWRLX vs TSDOX | |
| Touchstone High Yield Fund | 0.49 | 0.50 | 0.53 | 82 | High Yield Bonds | SWRLX vs THYAX | |
| Touchstone Ares Credit Opportunities Fund | 0.51 | 0.49 | 0.55 | 71 | High Yield Bonds | SWRLX vs TARBX | |
| Touchstone Ares Credit Opportunities Fund Class Y | 0.52 | 0.50 | 0.56 | 69 | High Yield Bonds | SWRLX vs TMAYX | |
| Touchstone Small Cap Value Fund | 0.53 | 0.58 | 0.63 | 51 | Small Cap Value Equities | SWRLX vs TVOAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SWRLX
Add SWRLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWRLX