Looking to diversify beyond TWEBX? The mutual funds below have the lowest correlation with TWEBX — 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 TWEBX.
Best Diversifiers for TWEBX
1 mutual funds have low correlation with TWEBX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.24, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.24 | 0.39 | 0.49 | 77 | Technology Equities, Global Equities | TWEBX vs PGTIX | |
| Oberweis Global Opportunities Fund | 0.40 | 0.55 | 0.65 | 65 | Global Equities | TWEBX vs OBEGX | |
| American Funds The New Economy Fund® Class F-2 | 0.42 | 0.54 | 0.65 | 81 | Global Equities | TWEBX vs NEFFX | |
| Fidelity Advisor Worldwide Fund Class Z | 0.44 | 0.55 | 0.69 | 61 | Global Equities | TWEBX vs FIQOX | |
| Nuveen Global Infrastructure Fund Class A | 0.46 | 0.55 | 0.66 | 69 | Global Equities | TWEBX vs FGIAX |
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