Looking to diversify beyond TBWIX? The mutual funds below have historically moved differently from TBWIX, 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 TBWIX
3 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 0.16, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.16 | 0.13 | 0.15 | 100 | Ultrashort Bond | TBWIX vs TLDIX | |
| Thornburg New Mexico Intermediate Municipal Fund | 0.24 | 0.20 | 0.19 | 66 | Municipal Bonds | TBWIX vs THNMX | |
| Thornburg Short Duration Municipal Fund | 0.28 | 0.16 | 0.15 | 83 | Municipal Bonds | TBWIX vs TLMIX | |
| Thornburg Limited Term Municipal Fund | 0.30 | 0.22 | 0.21 | 56 | Municipal Bonds | TBWIX vs LTMFX | |
| Thornburg Strategic Municipal Income Fund | 0.30 | 0.22 | 0.20 | 83 | Municipal Bonds | TBWIX vs TSSIX |
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