Looking to diversify beyond SWRLX? The mutual funds below have historically moved differently from SWRLX, 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 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 0.20, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.20 | 0.08 | 0.09 | 99 | Ultrashort Bond | SWRLX vs TSDOX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.57 | 0.69 | 87 | Foreign Large Cap Equities | SWRLX vs IVFIX | |
| Touchstone Small Company Fund | 0.51 | 0.56 | 0.64 | 77 | Small Cap Blend Equities | SWRLX vs SAGWX | |
| Touchstone Large Cap Fund | 0.51 | 0.56 | 0.62 | 71 | Large Cap Blend Equities | SWRLX vs TLCIX | |
| Fidelity Advisor Canada Fund Class I | 0.52 | 0.65 | 0.71 | 52 | Foreign Large Cap Equities | SWRLX vs FICCX |
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