Looking to diversify beyond TWEIX? The mutual funds below have the lowest correlation with TWEIX — 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 TWEIX.
Best Diversifiers for TWEIX
10 mutual funds have low correlation with TWEIX (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 0.12, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.12 | 0.16 | 0.16 | 79 | Inflation-Protected Bonds | TWEIX vs APOIX | |
| American Century California Intermediate-Term Tax-... | 0.14 | 0.14 | 0.10 | 72 | Municipal Bonds | TWEIX vs BCITX | |
| American Century California High Yield Municipal F... | 0.14 | 0.16 | 0.10 | 84 | Municipal Bonds | TWEIX vs BCHYX | |
| American Century High-Yield Municipal Fund | 0.16 | 0.15 | 0.11 | 80 | High Yield Muni | TWEIX vs ABHYX | |
| American Century Short-Term Government Fund | 0.20 | 0.13 | 0.09 | 70 | Government Bonds | TWEIX vs TWUSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TWEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TWEIX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.46, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.46 | 0.59 | 0.70 | 53 | Financial Services |
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