Looking to diversify beyond TGCFX? The mutual funds below have historically moved differently from TGCFX, 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 TGCFX
2 mutual funds have low correlation with TGCFX (below 0.3), 0 of which are negatively correlated. The least correlated is TCW Relative Value Large Cap Fund (TGDVX) (Large Cap Value Equities) with a 1Y correlation of 0.26, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TCW Relative Value Large Cap Fund | 0.26 | 0.22 | 0.15 | 86 | Large Cap Value Equities | TGCFX vs TGDVX | |
| TCW Relative Value Mid Cap Fund | 0.30 | 0.22 | 0.16 | 86 | Mid Cap Value Equities | TGCFX vs TGVOX | |
| TCW Emerging Markets Income Fund | 0.51 | 0.60 | 0.56 | 89 | Emerging Markets Bonds | TGCFX vs TGEIX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.55 | 0.59 | 0.52 | 65 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | TGCFX vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.68 | 0.71 | 0.68 | 64 | Intermediate Core Bond | TGCFX vs STWTX |
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