Looking to diversify beyond TFBYX? The mutual funds below have historically moved differently from TFBYX, 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 TFBYX
6 mutual funds have low correlation with TFBYX (below 0.3), 1 of which are negatively correlated. The least correlated is American Beacon AHL Managed Futures Strategy Fund (AHLPX) (Systematic Trend) with a 1Y correlation of -0.02, up from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund | -0.02 | -0.06 | -0.13 | 93 | Systematic Trend | TFBYX vs AHLPX | |
| Leader Short Term High Yield Bond Fund | 0.06 | 0.05 | 0.19 | 74 | Short-Term Bond | TFBYX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.06 | 0.03 | 0.22 | 100 | Short-Term Bond | TFBYX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.32 | 0.41 | 50 | Short-Term Bond | TFBYX vs GPARX | |
| GuidepathConservative Income Fund | 0.18 | 0.23 | 0.30 | 99 | Short-Term Bond | TFBYX vs GPICX |
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