Looking to diversify beyond TWBIX? The mutual funds below have the lowest correlation with TWBIX — 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 TWBIX.
Best Diversifiers for TWBIX
7 mutual funds have low correlation with TWBIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.06 | 0.07 | 60 | Diversified Portfolio | TWBIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.47 | 67 | Diversified Portfolio | TWBIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.28 | 0.26 | 0.23 | 83 | Municipal Bonds | TWBIX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.48 | 0.55 | 86 | Diversified Portfolio | TWBIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.48 | 0.55 | 91 | Diversified Portfolio | TWBIX vs FIQDX |
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