Looking to diversify beyond TFSCX? The mutual funds below have historically moved differently from TFSCX, 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 TFSCX
0 mutual funds have low correlation with TFSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.47, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.47 | 0.55 | 0.62 | 87 | Diversified Portfolio | TFSCX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.51 | 0.54 | 0.64 | 93 | Diversified Portfolio | TFSCX vs FRIAX | |
| AMG Yacktman Special Opportunities Fund | 0.54 | 0.60 | 0.69 | 55 | Foreign Small & Mid Cap Equities | TFSCX vs YASLX | |
| Kopernik Global All-Cap Fund | 0.60 | 0.54 | 0.62 | 66 | Foreign Small & Mid Cap Equities | TFSCX vs KGGIX | |
| Kopernik Global All-Cap Fund Class A | 0.60 | 0.55 | 0.62 | 65 | Foreign Small & Mid Cap Equities | TFSCX vs KGGAX |
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