Looking to diversify beyond TANDX? The mutual funds below have historically moved differently from TANDX, 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 TANDX
40 mutual funds have low correlation with TANDX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.11, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.11 | 0.35 | 0.58 | 50 | Large Cap Blend Equities | TANDX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.11 | 0.35 | 0.58 | 53 | Large Cap Blend Equities | TANDX vs QIACX | |
| PRIMECAP Odyssey Growth Fund | 0.11 | 0.39 | 0.56 | 89 | Large Cap Blend Equities | TANDX vs POGRX | |
| Vanguard PRIMECAP Fund Admiral Shares | 0.14 | 0.42 | 0.59 | 90 | Large Cap Blend Equities | TANDX vs VPMAX | |
| North Square Preferred and Income Securities Fund | 0.15 | 0.25 | 0.31 | 59 | Preferred Stock | TANDX vs ORDNX |
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