Looking to diversify beyond TCAAX? The mutual funds below have the lowest correlation with TCAAX — 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 TCAAX.
Best Diversifiers for TCAAX
1 mutual funds have low correlation with TCAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.47 | 67 | Diversified Portfolio | TCAAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.59 | 0.62 | 82 | Diversified Portfolio | TCAAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.62 | 86 | Diversified Portfolio | TCAAX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.39 | 0.59 | 0.62 | 87 | Diversified Portfolio | TCAAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.62 | 88 | Diversified Portfolio | TCAAX vs FIQDX |
See all 31 diversifiers for TCAAX
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