Looking to diversify beyond TOLIX? The mutual funds below have historically moved differently from TOLIX, 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 TOLIX
12 mutual funds have low correlation with TOLIX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Emerging Markets Equity Fund (SEMGX) (Emerging Markets Equities) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Emerging Markets Equity Fund | 0.03 | 0.24 | 0.35 | 56 | Emerging Markets Equities | TOLIX vs SEMGX | |
| DWS Core Equity Fund | 0.05 | 0.31 | 0.49 | 58 | Large Cap Blend Equities | TOLIX vs SCDGX | |
| DWS Equity 500 Index Fund | 0.05 | 0.29 | 0.48 | 57 | Large Cap Blend Equities | TOLIX vs BTIIX | |
| DWS S&P 500 Index Fund | 0.05 | 0.30 | 0.49 | 54 | S&P 500 | TOLIX vs SCPIX | |
| DWS Global High Income Fund | 0.15 | 0.32 | 0.39 | 72 | High Yield Bonds | TOLIX vs MGHYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TOLIX, 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 Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.12, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.12 | 0.22 | 0.37 | 89 | Industrials |
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