Looking to diversify beyond TWGGX? The mutual funds below have the lowest correlation with TWGGX — 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 TWGGX.
Best Diversifiers for TWGGX
2 mutual funds have low correlation with TWGGX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.23 | 0.18 | 0.14 | 72 | Municipal Bonds | TWGGX vs BCHYX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.41 | 0.55 | 51 | Global Equities | TWGGX vs CSUAX | |
| American Century Equity Income Fund | 0.40 | 0.49 | 0.64 | 51 | Large Cap Value Equities | TWGGX vs TWEIX | |
| Polaris Global Value Fund | 0.48 | 0.60 | 0.71 | 92 | Global Equities | TWGGX vs PGVFX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.60 | 0.71 | 76 | Global Equities | TWGGX vs RTXAX |
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