Looking to diversify beyond TWCGX? The mutual funds below have historically moved differently from TWCGX, 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 TWCGX
14 mutual funds have low correlation with TWCGX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Short Duration Inflation Protection Bond Fund Investor Class (APOIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.09 | 0.05 | 0.11 | 57 | Inflation-Protected Bonds | TWCGX vs APOIX | |
| American Century Equity Income Fund Class I | 0.13 | 0.26 | 0.47 | 88 | Dividend, Large Cap Value Equities | TWCGX vs ACIIX | |
| American Century Equity Income Fund | 0.13 | 0.26 | 0.47 | 87 | Dividend, Large Cap Value Equities | TWCGX vs TWEIX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.15 | 0.09 | 0.11 | 51 | Municipal Bonds | TWCGX vs TWTIX | |
| American Century Mid Cap Value R6 | 0.18 | 0.31 | 0.49 | 72 | Mid Cap Value Equities | TWCGX vs AMDVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TWCGX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.31 | -0.11 | 0.06 | 85 | Energy | |
| Shell plc | -0.06 | 0.06 | 0.17 | 77 | Energy | |
| Franco-Nevada Corporation | 0.24 | 0.19 | 0.23 | 66 | Basic Materials | |
| Sprott Physical Gold Trust | 0.27 | 0.12 | 0.10 | 60 | Financial Services | |
| Agnico Eagle Mines Limited | 0.28 | 0.19 | 0.17 | 52 | Basic Materials |
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