Looking to diversify beyond TFAFX? The mutual funds below have the lowest correlation with TFAFX — 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 TFAFX.
Best Diversifiers for TFAFX
16 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 -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.17 | -0.12 | -0.06 | 50 | Multistrategy | TFAFX vs GFSYX | |
| AQR Style Premia Alternative R6 | -0.11 | -0.14 | -0.20 | 52 | Multistrategy | TFAFX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.09 | -0.13 | -0.20 | 52 | Multistrategy | TFAFX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.09 | -0.13 | -0.20 | 51 | Multistrategy | TFAFX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.05 | 0.12 | 0.14 | 69 | Multistrategy | TFAFX vs GAAVX |
See all 24 diversifiers for TFAFX
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