Looking to diversify beyond TGWIX? The mutual funds below have the lowest correlation with TGWIX — 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 TGWIX.
Best Diversifiers for TGWIX
2 mutual funds have low correlation with TGWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.24 | 0.18 | 0.22 | 56 | Emerging Markets Bonds | TGWIX vs EDF | |
| TCW Relative Value Mid Cap Fund | 0.30 | 0.30 | 0.31 | 83 | Mid Cap Value Equities | TGWIX vs TGVOX | |
| TCW Relative Value Large Cap Fund | 0.33 | 0.30 | 0.30 | 81 | Large Cap Value Equities | TGWIX vs TGDVX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.36 | 0.40 | 0.41 | 98 | Emerging Markets Bonds | TGWIX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.47 | 0.45 | 0.48 | 96 | Emerging Markets Bonds | TGWIX vs SHCDX |
See all 19 diversifiers for TGWIX
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