Looking to diversify beyond TWCGX? The mutual funds below have the lowest correlation with TWCGX — 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 TWCGX.
Best Diversifiers for TWCGX
8 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 0.02, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.02 | 0.05 | 0.11 | 84 | Inflation-Protected Bonds | TWCGX vs APOIX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.11 | 0.09 | 0.09 | 68 | Municipal Bonds | TWCGX vs TWTIX | |
| American Century Short-Term Government Fund | 0.12 | 0.03 | 0.04 | 58 | Government Bonds | TWCGX vs TWUSX | |
| American Century High-Yield Municipal Fund | 0.14 | 0.10 | 0.11 | 63 | High Yield Muni | TWCGX vs ABHYX | |
| American Century California High Yield Municipal F... | 0.14 | 0.11 | 0.11 | 67 | Municipal Bonds | TWCGX vs BCHYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TWCGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TWCGX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.26 | -0.08 | 0.08 | 85 | Energy | |
| Shell plc | -0.06 | 0.08 | 0.18 | 80 | Energy | |
| Sprott Physical Gold Trust | 0.14 | 0.10 | 0.08 | 70 | Financial Services | |
| Franco-Nevada Corporation | 0.23 | 0.20 | 0.23 | 65 | Basic Materials | |
| Texas Instruments Incorporated | 0.24 | 0.45 | 0.58 | 81 | Technology |
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Build a portfolio that complements TWCGX
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