Looking to diversify beyond SWYFX? The mutual funds below have historically moved differently from SWYFX, 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 SWYFX
0 mutual funds have low correlation with SWYFX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Fundamental US Large Company Index Fund (SFLNX) (Large Cap Value Equities) with a 1Y correlation of 0.82, roughly unchanged from 0.89 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Fundamental US Large Company Index Fund | 0.82 | 0.86 | 0.89 | 96 | Large Cap Value Equities | SWYFX vs SFLNX | |
| Dimensional Retirement Income Fund | 0.83 | 0.82 | 0.79 | 81 | Target Retirement Date | SWYFX vs TDIFX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.84 | 0.84 | 0.86 | 79 | Small Cap Blend Equities | SWYFX vs SWSSX | |
| Prudential Day One Income Fund | 0.88 | 0.86 | 0.87 | 85 | Target Retirement Date | SWYFX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.89 | 0.80 | 0.76 | 70 | Target Retirement Date | SWYFX vs FNSHX |
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