Looking to diversify beyond SWYJX? The mutual funds below have historically moved differently from SWYJX, 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 SWYJX
0 mutual funds have low correlation with SWYJX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab Monthly Income Fund - Moderate Payout (SWJRX) (Diversified Portfolio) with a 1Y correlation of 0.60, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Monthly Income Fund - Moderate Payout | 0.60 | 0.72 | 0.79 | 89 | Diversified Portfolio | SWYJX vs SWJRX | |
| Vanguard Small Cap Value Index Fund | 0.74 | 0.80 | 0.84 | 75 | Small Cap Value Equities | SWYJX vs VISVX | |
| Schwab Small-Cap Index Fund-Select Shares | 0.79 | 0.80 | 0.83 | 76 | Small Cap Blend Equities | SWYJX vs SWSSX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.75 | 82 | Target Retirement Date | SWYJX vs TDIFX | |
| Schwab Fundamental US Large Company Index Fund | 0.82 | 0.87 | 0.90 | 96 | Large Cap Value Equities | SWYJX vs SFLNX |
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