Looking to diversify beyond TWGGX? The mutual funds below have historically moved differently from TWGGX, 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 TWGGX
4 mutual funds have low correlation with TWGGX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.05, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.05 | 0.43 | 0.57 | 70 | Quality Factor, Global Equities | TWGGX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.19 | 0.36 | 0.53 | 79 | Infrastructure Equities, Global Equities | TWGGX vs CSUAX | |
| American Century California High Yield Municipal F... | 0.27 | 0.18 | 0.15 | 87 | Municipal Bonds | TWGGX vs BCHYX | |
| Nuveen Global Infrastructure Fund Class A | 0.28 | 0.45 | 0.61 | 66 | Infrastructure Equities, Global Equities | TWGGX vs FGIAX | |
| American Century Equity Income Fund | 0.32 | 0.45 | 0.61 | 83 | Dividend, Large Cap Value Equities | TWGGX vs TWEIX |
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