Looking to diversify beyond TAIFX? The mutual funds below have the lowest correlation with TAIFX — 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 TAIFX.
Best Diversifiers for TAIFX
2 mutual funds have low correlation with TAIFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.47 | 67 | Diversified Portfolio | TAIFX vs MHELX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.30 | 0.35 | 92 | Bank Loan | TAIFX vs FFRHX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.63 | 82 | Diversified Portfolio | TAIFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.57 | 0.64 | 86 | Diversified Portfolio | TAIFX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.56 | 0.63 | 88 | Diversified Portfolio | TAIFX vs FIQDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAIFX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.46, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.46 | 0.47 | 0.55 | 76 | Technology | |
| Amazon.com, Inc | 0.52 | 0.50 | 0.56 | 52 | Consumer Cyclical |
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