Looking to diversify beyond SWYOX? The mutual funds below have the lowest correlation with SWYOX — 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 SWYOX.
Best Diversifiers for SWYOX
0 mutual funds have low correlation with SWYOX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.77 | 0.73 | 85 | Target Retirement Date | SWYOX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.79 | 0.72 | 0.69 | 74 | Target Retirement Date | SWYOX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.80 | 0.73 | 0.69 | 72 | Target Retirement Date | SWYOX vs FFFAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.75 | 0.74 | 74 | Target Retirement Date | SWYOX vs FRQHX | |
| Fidelity Managed Retirement Income Fund | 0.81 | 0.74 | 0.71 | 69 | Target Retirement Date | SWYOX vs FIRMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWYOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWYOX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.47, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.47 | 0.52 | 0.61 | 82 | Technology | |
| Alphabet Inc Class A | 0.54 | 0.51 | 0.61 | 96 | Communication Services |
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