Looking to diversify beyond TANDX? The mutual funds below have the lowest correlation with TANDX — 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 TANDX.
Best Diversifiers for TANDX
3 mutual funds have low correlation with TANDX (below 0.3), 0 of which are negatively correlated. The least correlated is North Square Preferred and Income Securities Fund (ORDNX) (Large Cap Blend Equities) with a 1Y correlation of 0.18, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| North Square Preferred and Income Securities Fund | 0.18 | 0.27 | 0.33 | 69 | Large Cap Blend Equities | TANDX vs ORDNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.22 | 0.14 | 0.16 | 72 | Large Cap Blend Equities | TANDX vs SVPFX | |
| Fidelity Leveraged Company Stock Fund Class K | 0.23 | 0.41 | 0.57 | 59 | Large Cap Blend Equities | TANDX vs FLCKX | |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 0.30 | 0.48 | 0.65 | 81 | Large Cap Blend Equities | TANDX vs FCTDX | |
| State Street S&P 500 Index Fund Class N | 0.31 | 0.49 | 0.67 | 83 | Large Cap Blend Equities | TANDX vs SVSPX |
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