Looking to diversify beyond TOLIX? The mutual funds below have the lowest correlation with TOLIX — 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 TOLIX.
Best Diversifiers for TOLIX
19 mutual funds have low correlation with TOLIX (below 0.3), 1 of which are negatively correlated. The least correlated is DWS Science and Technology Fund (KTCAX) (Technology Equities) with a 1Y correlation of -0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Science and Technology Fund | -0.02 | 0.12 | 0.31 | 72 | Technology Equities | TOLIX vs KTCAX | |
| DWS Emerging Markets Equity Fund | 0.12 | 0.30 | 0.38 | 84 | Emerging Markets Diversified | TOLIX vs SEMGX | |
| DWS Core Equity Fund | 0.15 | 0.35 | 0.52 | 76 | Large Cap Blend Equities | TOLIX vs SCDGX | |
| DWS Equity 500 Index Fund | 0.15 | 0.34 | 0.51 | 73 | Large Cap Blend Equities | TOLIX vs BTIIX | |
| DWS S&P 500 Index Fund | 0.16 | 0.34 | 0.51 | 73 | S&P 500 | TOLIX vs SCPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOLIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOLIX and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.15, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.15 | 0.24 | 0.39 | 79 | Industrials |
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