Looking to diversify beyond THW? The mutual funds below have the lowest correlation with THW — 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 THW.
Best Diversifiers for THW
4 mutual funds have low correlation with THW (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.00 | 0.02 | 0.02 | 99 | Municipal Bonds | THW vs ATOIX | |
| abrdn Emerging Markets ex-China Fund | 0.25 | 0.30 | 0.38 | 96 | Emerging Markets Diversified | THW vs GLLSX | |
| abrdn Emerging Markets Fund | 0.25 | 0.29 | 0.34 | 91 | Emerging Markets Diversified | THW vs ABEMX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.26 | 0.31 | 0.42 | 98 | Technology Equities | THW vs STK | |
| abrdn Global Infrastructure Fund | 0.32 | 0.38 | 0.44 | 53 | Energy Equities | THW vs AIFRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THW and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.33 | 0.39 | 0.44 | 67 | Financial Services |
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