Looking to diversify beyond TWTIX? The mutual funds below have historically moved differently from TWTIX, 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 TWTIX
10 mutual funds have low correlation with TWTIX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.28 | 0.28 | 100 | Municipal Bonds | TWTIX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.28 | 0.36 | 100 | Municipal Bonds | TWTIX vs DFSMX | |
| American Century Equity Income Fund Class I | 0.24 | 0.17 | 0.12 | 84 | Dividend, Large Cap Value Equities | TWTIX vs ACIIX | |
| American Century Equity Income Fund | 0.24 | 0.17 | 0.12 | 83 | Dividend, Large Cap Value Equities | TWTIX vs TWEIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.34 | 0.40 | 98 | Municipal Bonds | TWTIX vs USMSX |
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