Looking to diversify beyond TFTIX? The mutual funds below have the lowest correlation with TFTIX — 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 TFTIX.
Best Diversifiers for TFTIX
0 mutual funds have low correlation with TFTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.72, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.72 | 0.76 | 0.73 | 83 | Target Retirement Date | TFTIX vs TDIFX | |
| Prudential Day One Income Fund | 0.79 | 0.79 | 0.81 | 85 | Target Retirement Date | TFTIX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.73 | 0.73 | 72 | Target Retirement Date | TFTIX vs FRQIX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.79 | 0.71 | 0.69 | 75 | Target Retirement Date | TFTIX vs FRHMX | |
| Fidelity Flex Freedom Blend Income Fund | 0.80 | 0.71 | 0.68 | 80 | Target Retirement Date | TFTIX vs FTLSX |
See all 69 diversifiers for TFTIX
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Diversification Analysis
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