Looking to diversify beyond TAIAX? The mutual funds below have historically moved differently from TAIAX, 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 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 -0.19, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | 0.01 | 0.15 | 77 | Diversified Portfolio | TAIAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.46 | 66 | Diversified Portfolio | TAIAX vs MHELX | |
| AB Municipal Bond Inflation Strategy | 0.24 | 0.26 | 0.28 | 83 | Municipal Bonds | TAIAX vs AUNYX | |
| MFS California Municipal Bond Fund | 0.33 | 0.34 | 0.31 | 56 | Municipal Bonds | TAIAX vs MCFTX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.33 | 0.29 | 0.25 | 58 | Municipal Bonds | TAIAX vs ASTEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TAIAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.21, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.21 | 0.40 | 0.53 | 54 | Financial Services |
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