Looking to diversify beyond SWYOX? The mutual funds below have historically moved differently from SWYOX, 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 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 0.79, roughly unchanged from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.79 | 0.77 | 0.74 | 81 | Target Retirement Date | SWYOX vs TDIFX | |
| Schwab Fundamental US Large Company Index Fund | 0.82 | 0.87 | 0.90 | 96 | Large Cap Value Equities | SWYOX vs SFLNX | |
| MFS Lifetime Income Fund | 0.82 | 0.79 | 0.80 | 66 | Target Retirement Date | SWYOX vs MLLIX | |
| Voya Target In-Retirement Fund | 0.84 | 0.83 | 0.82 | 70 | Target Retirement Date | SWYOX vs ISOLX | |
| Prudential Day One Income Fund | 0.84 | 0.81 | 0.82 | 85 | Target Retirement Date | SWYOX vs PDAHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWYOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.03, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.03 | 0.21 | 0.35 | 77 | Real Estate | |
| NVIDIA Corporation | 0.53 | 0.53 | 0.62 | 56 | Technology | |
| Alphabet Inc. Class A | 0.57 | 0.52 | 0.61 | 95 | Communication Services |
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