Looking to diversify beyond TCPYX? The mutual funds below have historically moved differently from TCPYX, 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 TCPYX
1 mutual funds have low correlation with TCPYX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.28, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.28 | 0.31 | 0.36 | 99 | Ultrashort Bond | TCPYX vs TSDOX | |
| Touchstone International Equity Fund | 0.31 | 0.24 | 0.20 | 94 | Foreign Large Cap Equities | TCPYX vs SWRLX | |
| Touchstone Large Cap Fund | 0.31 | 0.23 | 0.13 | 66 | Large Cap Blend Equities | TCPYX vs TLCIX | |
| Touchstone Small Company Fund | 0.31 | 0.22 | 0.13 | 64 | Small Cap Blend Equities | TCPYX vs SAGWX | |
| Touchstone Global ESG Equity Fund | 0.32 | 0.23 | 0.15 | 52 | Foreign Large Cap Equities | TCPYX vs TEQAX |
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