Looking to diversify beyond TWN? The mutual funds below have historically moved differently from TWN, 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 TWN
1 mutual funds have low correlation with TWN (below 0.3), 0 of which are negatively correlated. The least correlated is Nomura Growth and Income Fund Institutional Class (FGIPX) (Large Cap Value Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura Growth and Income Fund Institutional Class | 0.26 | 0.30 | 0.35 | 98 | Large Cap Value Equities | TWN vs FGIPX | |
| Voya Asia Pacific High Dividend Equity Income Fund | 0.38 | 0.43 | 0.49 | 65 | Derivative Income, Dividend, Asia Pacific Equities | TWN vs IAE | |
| DFA World ex U.S. Value Portfolio Fund | 0.48 | 0.49 | 0.55 | 90 | Foreign Large Cap Equities | TWN vs DFWVX | |
| Fidelity Japan Fund | 0.50 | 0.45 | 0.48 | 66 | Japan Equities, Asia Pacific Equities | TWN vs FJPNX | |
| Invesco EQV Asia Pacific Equity Fund | 0.51 | 0.54 | 0.56 | 70 | Asia Pacific Equities | TWN vs ASIAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TWN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.32, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.32 | 0.40 | 0.44 | 61 | Technology | |
| General American Investors Company, Inc. | 0.39 | 0.40 | 0.46 | 94 | Financial Services | |
| Comfort Systems USA, Inc. | 0.41 | 0.32 | 0.33 | 95 | Industrials | |
| Micron Technology, Inc. | 0.45 | 0.42 | 0.46 | 99 | Technology |
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