Looking to diversify beyond TAIAX? The mutual funds below have the lowest correlation with TAIAX — 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 TAIAX.
Best Diversifiers for TAIAX
3 mutual funds have low correlation with TAIAX (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 -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.12 | 0.06 | 0.19 | 73 | Diversified Portfolio | TAIAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.48 | 64 | Diversified Portfolio | TAIAX vs MHELX | |
| AB Municipal Bond Inflation Strategy | 0.18 | 0.26 | 0.29 | 94 | Municipal Bonds | TAIAX vs AUNYX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.30 | 0.29 | 0.24 | 80 | Municipal Bonds | TAIAX vs ASTEX | |
| American Century California High Yield Municipal F... | 0.30 | 0.32 | 0.28 | 67 | Municipal Bonds | TAIAX vs BCHYX |
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