Looking to diversify beyond THW? The mutual funds below have historically moved differently from THW, 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 THW
8 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 0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.05 | 0.03 | 0.03 | 100 | Municipal Bonds | THW vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.13 | 0.14 | 0.14 | 82 | High Yield Muni | THW vs AHYMX | |
| abrdn Emerging Markets ex-China Fund | 0.22 | 0.28 | 0.36 | 80 | Emerging Markets Equities | THW vs GLLSX | |
| abrdn Emerging Markets Fund | 0.22 | 0.27 | 0.33 | 69 | Emerging Markets Equities | THW vs ABEMX | |
| abrdn Emerging Markets Instl Svc | 0.22 | 0.27 | 0.33 | 66 | Emerging Markets Equities | THW vs AEMSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for THW, 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 Dynex Capital, Inc. (DX) (Real Estate) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dynex Capital, Inc. | 0.22 | 0.28 | 0.30 | 73 | Real Estate | |
| AGNC Investment Corp. | 0.30 | 0.37 | 0.36 | 79 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.32 | 0.40 | 0.44 | 66 | Financial Services |
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