Looking to diversify beyond TBHDX? The mutual funds below have historically moved differently from TBHDX, 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 TBHDX
1 mutual funds have low correlation with TBHDX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.18 | 0.09 | 0.17 | 90 | Multistrategy, Systematic Trend, Global Equities | TBHDX vs MBXIX | |
| Oberweis Global Opportunities Fund | 0.34 | 0.47 | 0.56 | 54 | Global Equities | TBHDX vs OBEGX | |
| American Funds The New Economy Fund Class A | 0.36 | 0.43 | 0.53 | 72 | Global Equities, Actively Managed | TBHDX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | 0.37 | 0.43 | 0.53 | 70 | Global Equities | TBHDX vs NEFFX | |
| T. Rowe Price Global Stock Fund | 0.38 | 0.46 | 0.58 | 51 | Global Equities | TBHDX vs PRGSX |
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