Looking to diversify beyond SWSBX? The mutual funds below have historically moved differently from SWSBX, 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 SWSBX
11 mutual funds have low correlation with SWSBX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.09, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.52 | 0.62 | 55 | Short-Term Bond | SWSBX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.13 | 0.15 | 0.19 | 78 | Short-Term Bond | SWSBX vs LCCMX | |
| PIMCO Short Term Fund | 0.17 | 0.02 | -0.02 | 99 | Ultrashort Bond | SWSBX vs PTSHX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.06 | 0.40 | 100 | Short-Term Bond | SWSBX vs DFCFX | |
| Schwab Fundamental US Large Company Index Fund | 0.25 | 0.14 | 0.11 | 97 | Large Cap Value Equities | SWSBX vs SFLNX |
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