Looking to diversify beyond TGGBX? The mutual funds below have historically moved differently from TGGBX, 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 TGGBX
1 mutual funds have low correlation with TGGBX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.27 | 0.08 | 0.33 | 100 | Global Bonds | TGGBX vs DFGFX | |
| TCW Relative Value Mid Cap Fund | 0.33 | 0.25 | 0.23 | 86 | Mid Cap Value Equities | TGGBX vs TGVOX | |
| TCW Relative Value Large Cap Fund | 0.33 | 0.25 | 0.22 | 86 | Large Cap Value Equities | TGGBX vs TGDVX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.47 | 0.47 | 0.47 | 98 | Global Bonds | TGGBX vs DGFFX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.53 | 0.62 | 0.67 | 51 | Global Bonds | TGGBX vs TNBMX |
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