Looking to diversify beyond SWSSX? The mutual funds below have the lowest correlation with SWSSX — 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 SWSSX.
Best Diversifiers for SWSSX
10 mutual funds have low correlation with SWSSX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.11 | 0.15 | 94 | Inflation-Protected Bonds | SWSSX vs VTAPX | |
| Fidelity Select Energy Portfolio | 0.09 | 0.36 | 0.45 | 78 | Energy Equities | SWSSX vs FSENX | |
| Schwab Tax-Free Bond Fund™ | 0.12 | 0.14 | 0.12 | 65 | Municipal Bonds | SWSSX vs SWNTX | |
| Lord Abbett Short Duration Income Fund | 0.13 | 0.15 | 0.13 | 69 | Short-Term Bond | SWSSX vs LALDX | |
| Schwab California Tax-Free Bond Fund™ | 0.14 | 0.13 | 0.11 | 63 | Municipal Bonds | SWSSX vs SWCAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWSSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWSSX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.07 | 0.17 | 67 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | 0.05 | 0.17 | 63 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.04 | 0.10 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.03 | 0.19 | 0.28 | 85 | Energy | |
| Walmart Inc. | -0.01 | 0.12 | 0.20 | 59 | Consumer Defensive |
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