Looking to diversify beyond TCPYX? The mutual funds below have the lowest correlation with TCPYX — 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 TCPYX.
Best Diversifiers for TCPYX
0 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 0.30, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.30 | 0.32 | 0.36 | 98 | Ultrashort Bond | TCPYX vs TSDOX | |
| Touchstone International Equity Fund | 0.35 | 0.26 | 0.19 | 93 | Foreign Large Cap Equities | TCPYX vs SWRLX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.69 | 0.74 | 0.71 | 53 | Intermediate Core Bond | TCPYX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.75 | 0.88 | 0.89 | 64 | Intermediate Core Bond | TCPYX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.81 | 0.88 | 0.86 | 54 | Intermediate Core Bond | TCPYX vs PCGTX |
Diversification Analysis
Build a portfolio that complements TCPYX
Add TCPYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TCPYX