Looking to diversify beyond TGLMX? The mutual funds below have historically moved differently from TGLMX, 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 TGLMX
2 mutual funds have low correlation with TGLMX (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 0.25, up from 0.13 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 | 0.25 | 0.21 | 0.13 | 88 | Large Cap Value Equities | TGLMX vs TGDVX | |
| TCW Relative Value Mid Cap Fund | 0.29 | 0.21 | 0.13 | 82 | Mid Cap Value Equities | TGLMX vs TGVOX | |
| Holbrook Income Fund Class I | 0.37 | 0.32 | 0.37 | 98 | Intermediate Core-Plus Bond | TGLMX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.44 | 0.20 | 0.14 | 86 | Intermediate Core-Plus Bond | TGLMX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.47 | 0.23 | 0.16 | 81 | Intermediate Core-Plus Bond | TGLMX vs LCTRX |
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