Looking to diversify beyond TFFYX? The mutual funds below have historically moved differently from TFFYX, 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 TFFYX
1 mutual funds have low correlation with TFFYX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.17, up from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.17 | 0.07 | 0.03 | 99 | Ultrashort Bond | TFFYX vs TSDOX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | TFFYX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.39 | 59 | Preferred Stock | TFFYX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.53 | 0.67 | 0.77 | 89 | Large Cap Blend Equities | TFFYX vs RCKSX | |
| Muhlenkamp Fund | 0.54 | 0.65 | 0.70 | 59 | Large Cap Blend Equities | TFFYX vs MUHLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TFFYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | 0.05 | 0.22 | 90 | Consumer Defensive | |
| Merck & Co., Inc. | 0.04 | 0.08 | 0.13 | 96 | Healthcare | |
| GE Vernova Inc. | 0.36 | 0.45 | 0.45 | 76 | Industrials | |
| General Electric Company | 0.45 | 0.49 | 0.55 | 74 | Industrials |
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