Looking to diversify beyond TGRGX? The mutual funds below have historically moved differently from TGRGX, 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 TGRGX
0 mutual funds have low correlation with TGRGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.31, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.31 | 0.45 | 0.60 | 88 | Foreign Large Cap Equities | TGRGX vs IVFIX | |
| Transamerica High Yield Muni | 0.33 | 0.20 | 0.16 | 89 | High Yield Muni | TGRGX vs THYIX | |
| Pear Tree Polaris Foreign Value Fund | 0.44 | 0.57 | 0.66 | 88 | Foreign Large Cap Equities | TGRGX vs QFVOX | |
| PIMCO RAE PLUS International Fund | 0.44 | 0.53 | 0.60 | 95 | Foreign Large Cap Equities | TGRGX vs PTSIX | |
| Kopernik International Fund | 0.46 | 0.40 | 0.56 | 66 | Foreign Large Cap Equities | TGRGX vs KGIIX |
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