Looking to diversify beyond TWHIX? The mutual funds below have historically moved differently from TWHIX, 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 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 0.09, roughly unchanged from 0.12 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 | 0.08 | 0.12 | 80 | Inflation-Protected Bonds | TWHIX vs APOIX | |
| American Century Short-Term Government Fund | 0.20 | 0.06 | 0.06 | 76 | Government Bonds | TWHIX vs TWUSX | |
| American Century Short Duration Fund | 0.21 | 0.11 | 0.09 | 87 | Short-Term Bond | TWHIX vs ACSNX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.22 | 0.13 | 0.12 | 66 | Municipal Bonds | TWHIX vs TWTIX | |
| American Century High-Yield Municipal Fund | 0.23 | 0.13 | 0.12 | 83 | High Yield Muni | TWHIX vs ABHYX |
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