Looking to diversify beyond TFGPX? The mutual funds below have the lowest correlation with TFGPX — 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 TFGPX.
Best Diversifiers for TFGPX
6 mutual funds have low correlation with TFGPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon AHL Managed Futures Strategy Fund (AHLPX) (Systematic Trend) with a 1Y correlation of 0.11, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund | 0.11 | -0.08 | -0.10 | 88 | Systematic Trend | TFGPX vs AHLPX | |
| Nationwide Strategic Income A | 0.14 | 0.28 | 0.35 | 99 | Multisector Bonds | TFGPX vs NWXEX | |
| Potomac Managed Volatility Fund | 0.17 | 0.39 | 0.29 | 55 | Multisector Bonds | TFGPX vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.19 | 0.22 | — | 58 | Multisector Bonds | TFGPX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.29 | 0.34 | 99 | Multisector Bonds | TFGPX vs NWXHX |
See all 19 diversifiers for TFGPX
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