Looking to diversify beyond TAIFX? The mutual funds below have historically moved differently from TAIFX, 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 TAIFX
3 mutual funds have low correlation with TAIFX (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 | 0.00 | 0.15 | 83 | Diversified Portfolio | TAIFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.13 | 0.46 | 66 | Diversified Portfolio | TAIFX vs MHELX | |
| Fidelity Floating Rate High Income Fund | 0.22 | 0.29 | 0.35 | 95 | Bank Loan | TAIFX vs FFRHX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.32 | 0.23 | 0.19 | 55 | Short-Term Bond, Government Bonds | TAIFX vs FUMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.62 | 89 | Diversified Portfolio | TAIFX vs FCSRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TAIFX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.43, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.43 | 0.43 | 0.51 | 56 | Technology | |
| Amazon.com, Inc | 0.48 | 0.47 | 0.54 | 60 | Consumer Cyclical |
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