Looking to diversify beyond TGVIX? The mutual funds below have historically moved differently from TGVIX, 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 TGVIX
3 mutual funds have low correlation with TGVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Strategic Municipal Income Fund (TSSIX) (Municipal Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Strategic Municipal Income Fund | 0.25 | 0.20 | 0.17 | 83 | Municipal Bonds | TGVIX vs TSSIX | |
| Thornburg Limited Term Municipal Fund | 0.26 | 0.20 | 0.19 | 56 | Municipal Bonds | TGVIX vs LTMFX | |
| Thornburg Intermediate Municipal Fund | 0.28 | 0.20 | 0.18 | 80 | Municipal Bonds | TGVIX vs THIMX | |
| Thornburg Strategic Income Fund | 0.35 | 0.29 | 0.30 | 57 | Multisector Bonds | TGVIX vs TSIIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.48 | 0.63 | 0.70 | 61 | Foreign Large Cap Equities | TGVIX vs GSINX |
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