Looking to diversify beyond TBWIX? The mutual funds below have the lowest correlation with TBWIX — 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 TBWIX.
Best Diversifiers for TBWIX
9 mutual funds have low correlation with TBWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Ultra Short Income Fund (TLDIX) (Ultrashort Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.17 | 0.15 | 0.15 | 99 | Ultrashort Bond | TBWIX vs TLDIX | |
| Thornburg New Mexico Intermediate Municipal Fund | 0.25 | 0.20 | 0.18 | 74 | Municipal Bonds | TBWIX vs THNMX | |
| Thornburg Short Duration Municipal Fund | 0.26 | 0.14 | 0.14 | 85 | Municipal Bonds | TBWIX vs TLMIX | |
| Thornburg New York Intermediate Municipal Bond Fun... | 0.26 | 0.21 | 0.18 | 80 | Municipal Bonds | TBWIX vs THNYX | |
| Thornburg Intermediate Municipal Fund | 0.26 | 0.22 | 0.19 | 77 | Municipal Bonds | TBWIX vs THIMX |
See all 32 diversifiers for TBWIX
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