PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Schwab Target 2030 Index Fund (SWYEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund seeks to achieve its investment objective by investing primarily in affiliated Schwab exchange-traded funds (ETFs). It has a policy to invest, under normal circumstances, at least 80% of its assets (net assets, including, for this purpose, any borrowings for investment purposes) in underlying funds that are managed to seek investment returns that track particular market indices. The fund is managed based on the specific retirement date (target date) included in its name and assumes a retirement age of 65.

Looking to diversify beyond SWYEX? The mutual funds below have the lowest correlation with SWYEX — 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 SWYEX.

Best Diversifiers for SWYEX

0 mutual funds have low correlation with SWYEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) (Total Bond Market) with a 1Y correlation of 0.46, up from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VFSIX
Vanguard Short-Term Investment-Grade Fund Institut...0.460.350.32
60
Total Bond MarketSWYEX vs VFSIX
RITGX
American Funds American High-Income Trust® Class R...0.680.620.61
82
High Yield BondsSWYEX vs RITGX
VEIRX
Vanguard Equity Income Fund Admiral Shares0.720.750.79
61
Large Cap Value EquitiesSWYEX vs VEIRX
VEMIX
Vanguard Emerging Markets Stock Index Fund Institu...0.740.670.66
52
Emerging Markets EquitiesSWYEX vs VEMIX
VWINX
Vanguard Wellesley Income Fund Investor Shares0.770.790.79
53
Diversified PortfolioSWYEX vs VWINX
See all 88 diversifiers for SWYEX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SWYEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWYEX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.45, down from 0.61 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.450.490.61
88
Technology

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements SWYEX

Add SWYEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SWYEX