Looking to diversify beyond TFAZX? The mutual funds below have the lowest correlation with TFAZX — 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 TFAZX.
Best Diversifiers for TFAZX
9 mutual funds have low correlation with TFAZX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.22, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.22 | -0.27 | — | 99 | Nontraditional Bonds | TFAZX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.09 | 0.02 | 0.10 | 64 | Nontraditional Bonds | TFAZX vs PMOTX | |
| Dunham Long/Short Credit Fund | 0.04 | -0.16 | -0.12 | 94 | Nontraditional Bonds | TFAZX vs DCAIX | |
| PGIM Securitized Credit Fund | 0.09 | -0.01 | -0.02 | 99 | Nontraditional Bonds | TFAZX vs SCFZX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.09 | — | — | 100 | Nontraditional Bonds | TFAZX vs CBYYX |
See all 14 diversifiers for TFAZX
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