Looking to diversify beyond TFLIX? The mutual funds below have historically moved differently from TFLIX, 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 TFLIX
8 mutual funds have low correlation with TFLIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.01 | 0.09 | 93 | Bank Loan | TFLIX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.02 | 0.05 | 0.11 | 100 | Bank Loan, High Yield Bonds | TFLIX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.06 | — | — | 99 | Bank Loan | TFLIX vs CAPIX | |
| Transamerica Small Cap Value | 0.15 | 0.18 | 0.20 | 93 | Small Cap Value Equities | TFLIX vs TSLTX | |
| Transamerica Small/Mid Cap Value Fund | 0.15 | 0.19 | 0.21 | 76 | Mid Cap Value Equities | TFLIX vs IIVAX |
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