Looking to diversify beyond TBIRX? The mutual funds below have the lowest correlation with TBIRX — 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 TBIRX.
Best Diversifiers for TBIRX
4 mutual funds have low correlation with TBIRX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.19, up from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.19 | -0.23 | -0.27 | 99 | Total Bond Market | TBIRX vs JSOSX | |
| Nuveen Equity Long/Short Fund | 0.25 | 0.14 | 0.09 | 58 | Long-Short | TBIRX vs NELIX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.25 | 0.31 | 0.30 | 99 | Total Bond Market | TBIRX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.28 | 0.27 | 0.28 | 99 | Total Bond Market | TBIRX vs FJTDX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.32 | 0.19 | 0.17 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | TBIRX vs QQQX |
See all 16 diversifiers for TBIRX
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