Looking to diversify beyond SWYMX? The mutual funds below have historically moved differently from SWYMX, 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 SWYMX
0 mutual funds have low correlation with SWYMX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Equity Income Fund Admiral Shares (VEIRX) (Dividend) with a 1Y correlation of 0.65, down from 0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Equity Income Fund Admiral Shares | 0.65 | 0.75 | 0.80 | 84 | Dividend, Large Cap Value Equities | SWYMX vs VEIRX | |
| American Funds American High-Income Trust® Class R... | 0.68 | 0.60 | 0.59 | 75 | High Yield Bonds | SWYMX vs RITGX | |
| Fidelity Low-Priced Stock Fund Class K | 0.79 | 0.84 | 0.86 | 77 | Mid Cap Value Equities | SWYMX vs FLPKX | |
| Dimensional Retirement Income Fund | 0.81 | 0.79 | 0.75 | 81 | Target Retirement Date | SWYMX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.73 | 0.67 | 53 | Target Retirement Date | SWYMX vs DRIQX |
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