Looking to diversify beyond TWMIX? The mutual funds below have the lowest correlation with TWMIX — 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 TWMIX.
Best Diversifiers for TWMIX
3 mutual funds have low correlation with TWMIX (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 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.20 | 0.13 | 0.12 | 72 | Municipal Bonds | TWMIX vs BCHYX | |
| American Century Equity Income Fund | 0.26 | 0.34 | 0.42 | 51 | Large Cap Value Equities | TWMIX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.27 | 0.34 | 0.42 | 52 | Large Cap Value Equities | TWMIX vs ACIIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.49 | 0.64 | 0.70 | 87 | Emerging Markets Diversified | TWMIX vs ESCIX | |
| American Century Disciplined Core Value Fund | 0.56 | 0.55 | 0.58 | 82 | Large Cap Value Equities | TWMIX vs BIGRX |
See all 29 diversifiers for TWMIX
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Diversification Analysis
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