Looking to diversify beyond TFAIX? The mutual funds below have the lowest correlation with TFAIX — 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 TFAIX.
Best Diversifiers for TFAIX
4 mutual funds have low correlation with TFAIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.04 | 0.11 | 80 | Bank Loan | TFAIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.01 | — | — | 98 | Bank Loan | TFAIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.16 | 0.16 | 0.19 | 100 | Bank Loan | TFAIX vs RCRIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.16 | 0.37 | 0.56 | 86 | Bank Loan | TFAIX vs FFRSX | |
| Calvert Floating-Rate Advantage Fund | 0.31 | 0.47 | 0.65 | 63 | Bank Loan | TFAIX vs CFOIX |
See all 25 diversifiers for TFAIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TFAIX
Add TFAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TFAIX