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
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 Diversified) with a 1Y correlation of 0.10, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Emerging Markets Equity Fund | 0.10 | 0.28 | 0.37 | 79 | Emerging Markets Diversified | TOLIX vs SEMGX | |
| DWS Equity 500 Index Fund | 0.14 | 0.33 | 0.50 | 54 | Large Cap Blend Equities | TOLIX vs BTIIX | |
| DWS Global High Income Fund | 0.21 | 0.35 | 0.40 | 73 | High Yield Bonds | TOLIX vs MGHYX | |
| Oil Equipment & Services UltraSector ProFund | 0.24 | 0.32 | 0.39 | 83 | Energy Equities | TOLIX vs OEPIX | |
| Victory Global Energy Transition Fund Class Y | 0.25 | 0.38 | 0.48 | 96 | Energy Equities | TOLIX vs RSNYX |
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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 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.15 | 0.23 | 0.38 | 86 | Industrials |
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