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 Strategic Municipal Income Fund (TSSIX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Strategic Municipal Income Fund | 0.23 | 0.19 | 0.16 | 75 | Municipal Bonds | TGVIX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | 0.23 | 0.20 | 0.16 | 77 | Municipal Bonds | TGVIX vs THIMX | |
| Thornburg Limited Term Municipal Fund | 0.27 | 0.20 | 0.17 | 68 | Municipal Bonds | TGVIX vs LTMFX | |
| Vanguard Dividend Appreciation Index Fund Admiral ... | 0.57 | 0.54 | 0.59 | 52 | Dividend, Large Cap Blend Equities | TGVIX vs VDADX | |
| Kopernik International Fund | 0.62 | 0.54 | 0.62 | 53 | Foreign Large Cap Equities | TGVIX vs KGIIX |
See all 29 diversifiers for TGVIX
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