Looking to diversify beyond TGWFX? The mutual funds below have the lowest correlation with TGWFX — 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 TGWFX.
Best Diversifiers for TGWFX
1 mutual funds have low correlation with TGWFX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.15 | 0.11 | 0.12 | 67 | High Yield Muni | TGWFX vs THYIX | |
| Transamerica Emerging Markets Debt Fund | 0.47 | 0.37 | 0.38 | 88 | Emerging Markets Bonds | TGWFX vs EMTIX | |
| Transamerica Small Cap Value | 0.49 | 0.60 | 0.63 | 90 | Small Cap Value Equities | TGWFX vs TSLTX | |
| ICON Equity Fund | 0.54 | 0.61 | 0.68 | 84 | Large Cap Growth Equities | TGWFX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.56 | 0.68 | 0.71 | 80 | Large Cap Growth Equities | TGWFX vs DNVYX |
See all 22 diversifiers for TGWFX
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