Looking to diversify beyond TFCYX? The mutual funds below have historically moved differently from TFCYX, 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 TFCYX
407 mutual funds have low correlation with TFCYX (below 0.3), 15 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.16, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.16 | -0.08 | -0.06 | 66 | Systematic Trend | TFCYX vs ASFYX | |
| Fidelity Asset Manager 40% Fund | -0.08 | -0.01 | 0.01 | 78 | Diversified Portfolio | TFCYX vs FFANX | |
| Fidelity Asset Manager 70% Fund | -0.08 | -0.01 | 0.01 | 75 | Diversified Portfolio, Actively Managed | TFCYX vs FASGX | |
| Fidelity Asset Manager 85% Fund | -0.08 | -0.00 | 0.01 | 74 | Diversified Portfolio | TFCYX vs FAMRX | |
| BlackRock LifePath Index 2055 Fund - Institutional... | -0.08 | -0.01 | 0.01 | 70 | Target Retirement Date | TFCYX vs LIVIX |
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