Looking to diversify beyond TADAX? The mutual funds below have historically moved differently from TADAX, 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 TADAX
4 mutual funds have low correlation with TADAX (below 0.3), 1 of which are negatively correlated. The least correlated is Transamerica Energy Infrastructure (TMLPX) (Infrastructure Equities) with a 1Y correlation of -0.19, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Energy Infrastructure | -0.19 | 0.14 | 0.32 | 80 | Infrastructure Equities, Energy Equities | TADAX vs TMLPX | |
| Transamerica Intermediate Muni | 0.16 | 0.11 | 0.13 | 79 | Municipal Bonds | TADAX vs TIMUX | |
| Transamerica High Yield Muni | 0.20 | 0.11 | 0.12 | 89 | High Yield Muni | TADAX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.25 | 0.10 | 0.12 | 82 | Short-Term Bond | TADAX vs ITAAX | |
| Transamerica Floating Rate Fund | 0.36 | 0.25 | 0.23 | 89 | Bank Loan | TADAX vs TFLIX |
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