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
9 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 0.10, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.10 | 0.16 | 0.17 | 61 | Inflation-Protected Bonds | TWEIX vs APOIX | |
| American Century California High Yield Municipal F... | 0.14 | 0.16 | 0.10 | 71 | Municipal Bonds | TWEIX vs BCHYX | |
| American Century High-Yield Municipal Fund | 0.15 | 0.15 | 0.11 | 67 | High Yield Muni | TWEIX vs ABHYX | |
| American Century California Intermediate-Term Tax-... | 0.15 | 0.15 | 0.10 | 70 | Municipal Bonds | TWEIX vs BCITX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.23 | 0.18 | 0.12 | 69 | Municipal Bonds | TWEIX vs TWTIX |
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