Looking to diversify beyond TGVFX? The mutual funds below have historically moved differently from TGVFX, 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 TGVFX
1 mutual funds have low correlation with TGVFX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.14, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.14 | 0.05 | 0.04 | 99 | Ultrashort Bond | TGVFX vs TSDOX | |
| Touchstone Large Cap Fund | 0.37 | 0.53 | 0.69 | 66 | Large Cap Blend Equities | TGVFX vs TLCIX | |
| Touchstone Mid Cap Value Fund | 0.37 | 0.48 | 0.62 | 74 | Mid Cap Value Equities | TGVFX vs TCVIX | |
| Touchstone Small Company Fund | 0.49 | 0.61 | 0.72 | 66 | Small Cap Blend Equities | TGVFX vs SAGWX | |
| Touchstone Dividend Equity Fund | 0.50 | 0.60 | 0.71 | 84 | Large Cap Value Equities | TGVFX vs TQCAX |
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