Looking to diversify beyond TBFAX? The mutual funds below have historically moved differently from TBFAX, 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 TBFAX
3 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 0.24, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.24 | 0.13 | 0.09 | 99 | Government Bonds | TBFAX vs GUSTX | |
| Thrivent Mid Cap Stock Fund | 0.30 | 0.21 | 0.16 | 62 | Mid Cap Blend Equities | TBFAX vs AASCX | |
| Thrivent Mid Cap Stock Fund Class S | 0.30 | 0.21 | 0.16 | 63 | Mid Cap Blend Equities | TBFAX vs TMSIX | |
| Thrivent Aggressive Allocation Fund | 0.31 | 0.23 | 0.18 | 57 | Diversified Portfolio | TBFAX vs TAAAX | |
| Thrivent Global Stock Fund | 0.31 | 0.22 | 0.17 | 62 | Global Equities | TBFAX vs AALGX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TBFAX, 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 -0.01, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | -0.01 | 0.02 | 56 | Technology | |
| Broadcom Inc. | 0.13 | 0.04 | 0.05 | 67 | Technology | |
| Apple Inc | 0.18 | 0.15 | 0.12 | 89 | Technology | |
| Amazon.com, Inc | 0.21 | 0.08 | 0.11 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.23 | 0.08 | 0.09 | 95 | Communication Services |
Build a portfolio that complements TBFAX
Add TBFAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TBFAX