Looking to diversify beyond TBGVX? The mutual funds below have the lowest correlation with TBGVX — 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 TBGVX.
Best Diversifiers for TBGVX
1 mutual funds have low correlation with TBGVX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Opportunistic Income Fund (GMODX) (Nontraditional Bonds) with a 1Y correlation of 0.22, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.22 | 0.17 | 0.08 | 97 | Nontraditional Bonds | TBGVX vs GMODX | |
| T. Rowe Price Health Sciences Fund | 0.44 | 0.47 | 0.53 | 59 | Health & Biotech Equities | TBGVX vs PRHSX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.45 | 0.54 | 0.65 | 64 | Large Cap Blend Equities | TBGVX vs VTSAX | |
| Federated Hermes International Strategic Value Div... | 0.47 | 0.56 | 0.67 | 63 | Foreign Large Cap Equities | TBGVX vs IVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.50 | 0.55 | 0.68 | 84 | Foreign Large Cap Equities | TBGVX vs TIVFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBGVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBGVX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.25, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.25 | 0.33 | 0.43 | 55 | Financial Services | |
| Bank of America Corporation | 0.34 | 0.38 | 0.50 | 79 | Financial Services |
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