Looking to diversify beyond TBLRX? The mutual funds below have the lowest correlation with TBLRX — 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 TBLRX.
Best Diversifiers for TBLRX
9 mutual funds have low correlation with TBLRX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.04 | 0.08 | 73 | Diversified Portfolio | TBLRX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.48 | 64 | Diversified Portfolio | TBLRX vs MHELX | |
| Transamerica High Yield Muni | 0.23 | 0.25 | 0.22 | 62 | High Yield Muni | TBLRX vs THYIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.48 | 0.55 | 96 | Diversified Portfolio | TBLRX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.47 | 0.55 | 96 | Diversified Portfolio | TBLRX vs FIQDX |
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