Looking to diversify beyond SWSSX? The mutual funds below have historically moved differently from SWSSX, 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 SWSSX
10 mutual funds have low correlation with SWSSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.03, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.03 | 0.32 | 0.42 | 87 | Energy Equities | SWSSX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.11 | 0.15 | 91 | Inflation-Protected Bonds | SWSSX vs VTAPX | |
| Lord Abbett Short Duration Income Fund | 0.17 | 0.16 | 0.14 | 78 | Short-Term Bond | SWSSX vs LALDX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.27 | 0.31 | 95 | Bank Loan | SWSSX vs FFRHX | |
| Schwab California Tax-Free Bond Fund™ | 0.21 | 0.14 | 0.12 | 64 | Municipal Bonds | SWSSX vs SWCAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWSSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | 0.01 | 0.14 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.19 | 0.02 | 0.16 | 90 | Consumer Defensive | |
| Chubb Limited | -0.15 | 0.08 | 0.22 | 89 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | 0.14 | 0.27 | 84 | Energy | |
| Duke Energy Corporation | -0.15 | 0.02 | 0.11 | 56 | Utilities |
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