Looking to diversify beyond TGVIX? The mutual funds below have the lowest correlation with TGVIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TGVIX.
Best Diversifiers for TGVIX
3 mutual funds have low correlation with TGVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Intermediate Municipal Fund (THIMX) (Municipal Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Intermediate Municipal Fund | 0.22 | 0.19 | 0.16 | 73 | Municipal Bonds | TGVIX vs THIMX | |
| Thornburg Strategic Municipal Income Fund | 0.23 | 0.19 | 0.16 | 66 | Municipal Bonds | TGVIX vs TSSIX | |
| Thornburg Limited Term Municipal Fund | 0.29 | 0.20 | 0.18 | 68 | Municipal Bonds | TGVIX vs LTMFX | |
| Kopernik International Fund | 0.62 | 0.54 | 0.62 | 82 | Foreign Large Cap Equities | TGVIX vs KGIIX | |
| American Beacon Tocqueville International Value Fu... | 0.65 | 0.67 | 0.76 | 93 | Foreign Large Cap Equities | TGVIX vs TIVFX |
See all 26 diversifiers for TGVIX
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