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
3 mutual funds have low correlation with TAAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.03 | 0.09 | 60 | Diversified Portfolio | TAAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.51 | 67 | Diversified Portfolio | TAAAX vs MHELX | |
| Thrivent Municipal Bond Fund | 0.25 | 0.19 | 0.14 | 77 | Municipal Bonds | TAAAX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.35 | 0.22 | 0.19 | 84 | Short-Term Bond | TAAAX vs THLIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.52 | 0.59 | 91 | Diversified Portfolio | TAAAX vs FIQDX |
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