Looking to diversify beyond TAAAX? The mutual funds below have the lowest correlation with TAAAX — 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 TAAAX.
Best Diversifiers for TAAAX
2 mutual funds have low correlation with TAAAX (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 0.05, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.52 | 67 | Diversified Portfolio | TAAAX vs MHELX | |
| Thrivent Municipal Bond Fund | 0.23 | 0.19 | 0.14 | 64 | Municipal Bonds | TAAAX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.59 | 86 | Diversified Portfolio | TAAAX vs FSIRX | |
| Thrivent Limited Maturity Bond Fund | 0.35 | 0.22 | 0.18 | 76 | Short-Term Bond | TAAAX vs THLIX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.53 | 0.60 | 88 | Diversified Portfolio | TAAAX vs FSRKX |
See all 34 diversifiers for TAAAX
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