Looking to diversify beyond TFAFX? The mutual funds below have historically moved differently from TFAFX, 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 TFAFX
14 mutual funds have low correlation with TFAFX (below 0.3), 5 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.21, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.21 | -0.14 | -0.07 | 93 | Multistrategy | TFAFX vs GFSYX | |
| GMO Alternative Allocation Fund | -0.12 | 0.09 | 0.11 | 89 | Multistrategy | TFAFX vs GAAVX | |
| AQR Style Premia Alternative R6 | -0.06 | -0.13 | -0.19 | 90 | Multistrategy | TFAFX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.05 | -0.12 | -0.19 | 90 | Multistrategy | TFAFX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.04 | -0.12 | -0.19 | 89 | Multistrategy | TFAFX vs QSPNX |
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