Looking to diversify beyond TWSAX? The mutual funds below have the lowest correlation with TWSAX — 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 TWSAX.
Best Diversifiers for TWSAX
2 mutual funds have low correlation with TWSAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.16 | 0.51 | 67 | Diversified Portfolio | TWSAX vs MHELX | |
| American Century California High Yield Municipal F... | 0.24 | 0.22 | 0.18 | 72 | Municipal Bonds | TWSAX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.60 | 0.64 | 82 | Diversified Portfolio | TWSAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.59 | 0.64 | 88 | Diversified Portfolio | TWSAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.60 | 0.64 | 86 | Diversified Portfolio | TWSAX vs FSIRX |
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