Looking to diversify beyond TBFAX? The mutual funds below have the lowest correlation with TBFAX — 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 TBFAX.
Best Diversifiers for TBFAX
2 mutual funds have low correlation with TBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.27, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.27 | 0.12 | 0.09 | 99 | Government Bonds | TBFAX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.29 | 0.10 | 0.35 | 59 | Government Bonds | TBFAX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 0.34 | 0.55 | 0.52 | 99 | Government Bonds | TBFAX vs FEUGX | |
| Davis Government Bond Fund | 0.54 | 0.57 | 0.63 | 76 | Government Bonds | TBFAX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.56 | 0.68 | 0.64 | 76 | Government Bonds | TBFAX vs VGIVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBFAX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | -0.00 | 0.02 | 76 | Technology | |
| Tesla, Inc. | 0.10 | 0.07 | 0.06 | 59 | Consumer Cyclical | |
| Broadcom Inc. | 0.12 | 0.03 | 0.05 | 75 | Technology | |
| Amazon.com, Inc | 0.16 | 0.08 | 0.10 | 52 | Consumer Cyclical | |
| Apple Inc | 0.17 | 0.15 | 0.12 | 88 | Technology |
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