Looking to diversify beyond TFGPX? The mutual funds below have historically moved differently from TFGPX, 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 TFGPX
4 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 0.05, up from -0.11 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 | 0.05 | -0.09 | -0.11 | 91 | Systematic Trend | TFGPX vs AHLPX | |
| Nationwide Strategic Income A | 0.21 | 0.27 | 0.35 | 99 | Multisector Bonds | TFGPX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.21 | 0.26 | 0.30 | 96 | Multisector Bonds | TFGPX vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.29 | 0.29 | 0.34 | 99 | Multisector Bonds | TFGPX vs NWXHX | |
| American Beacon Large Cap Value Fund | 0.30 | 0.25 | 0.27 | 75 | Large Cap Value Equities | TFGPX vs AADEX |
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