Looking to diversify beyond TADAX? The mutual funds below have the lowest correlation with TADAX — 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 TADAX.
Best Diversifiers for TADAX
3 mutual funds have low correlation with TADAX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Intermediate Muni (TIMUX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Intermediate Muni | 0.13 | 0.11 | 0.12 | 76 | Municipal Bonds | TADAX vs TIMUX | |
| Transamerica High Yield Muni | 0.16 | 0.11 | 0.11 | 67 | High Yield Muni | TADAX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.24 | 0.10 | 0.11 | 68 | Short-Term Bond | TADAX vs ITAAX | |
| Transamerica Floating Rate Fund | 0.35 | 0.24 | 0.22 | 84 | Bank Loan | TADAX vs TFLIX | |
| Transamerica Unconstrained Bond | 0.37 | 0.22 | 0.24 | 68 | Nontraditional Bonds | TADAX vs TUNIX |
See all 47 diversifiers for TADAX
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