Looking to diversify beyond TWHIX? The mutual funds below have the lowest correlation with TWHIX — 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 TWHIX.
Best Diversifiers for TWHIX
8 mutual funds have low correlation with TWHIX (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 0.06, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.06 | 0.08 | 0.12 | 82 | Inflation-Protected Bonds | TWHIX vs APOIX | |
| American Century California Intermediate-Term Tax-... | 0.15 | 0.10 | 0.09 | 69 | Municipal Bonds | TWHIX vs BCITX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.16 | 0.13 | 0.10 | 68 | Municipal Bonds | TWHIX vs TWTIX | |
| American Century California High Yield Municipal F... | 0.17 | 0.13 | 0.11 | 61 | Municipal Bonds | TWHIX vs BCHYX | |
| American Century High-Yield Municipal Fund | 0.18 | 0.12 | 0.11 | 57 | High Yield Muni | TWHIX vs ABHYX |
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