Looking to diversify beyond SWYDX? The mutual funds below have historically moved differently from SWYDX, 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 SWYDX
0 mutual funds have low correlation with SWYDX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Dividend Equity Fund™ (SWDSX) (Large Cap Value Equities) with a 1Y correlation of 0.56, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Dividend Equity Fund™ | 0.56 | 0.68 | 0.76 | 75 | Large Cap Value Equities | SWYDX vs SWDSX | |
| Schwab Monthly Income Fund - Enhanced Payout | 0.67 | 0.80 | 0.84 | 91 | Diversified Portfolio | SWYDX vs SWKRX | |
| Schwab Fundamental US Large Company Index Fund | 0.78 | 0.81 | 0.84 | 96 | Large Cap Value Equities | SWYDX vs SFLNX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.82 | 0.79 | 0.82 | 79 | Small Cap Blend Equities | SWYDX vs SWSSX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.91 | 0.92 | 75 | Target Retirement Date | SWYDX vs IRSOX |
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