Looking to diversify beyond TWEIX? The mutual funds below have historically moved differently from TWEIX, 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 TWEIX
13 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 0.09, roughly unchanged from 0.16 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 | 0.15 | 0.16 | 79 | Inflation-Protected Bonds | TWEIX vs APOIX | |
| Allspring Emerging Markets Equity Income Fund | 0.16 | 0.25 | 0.38 | 68 | Dividend, Emerging Markets Equities | TWEIX vs EQIIX | |
| American Century Short-Term Government Fund | 0.16 | 0.13 | 0.09 | 59 | Government Bonds | TWEIX vs TWUSX | |
| American Century California Intermediate-Term Tax-... | 0.17 | 0.15 | 0.10 | 59 | Municipal Bonds | TWEIX vs BCITX | |
| American Century Emerging Markets Fund | 0.17 | 0.30 | 0.40 | 70 | Emerging Markets Equities | TWEIX vs TWMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TWEIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.45, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.45 | 0.60 | 0.70 | 61 | Financial Services |
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