Looking to diversify beyond THCGX? The mutual funds below have historically moved differently from THCGX, 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 THCGX
3 mutual funds have low correlation with THCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Limited Term Municipal Fund (LTMFX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Limited Term Municipal Fund | 0.15 | 0.11 | 0.12 | 56 | Municipal Bonds | THCGX vs LTMFX | |
| Thornburg Intermediate Municipal Fund | 0.20 | 0.13 | 0.12 | 80 | Municipal Bonds | THCGX vs THIMX | |
| Thornburg Strategic Municipal Income Fund | 0.23 | 0.14 | 0.12 | 83 | Municipal Bonds | THCGX vs TSSIX | |
| Thornburg Strategic Income Fund | 0.31 | 0.22 | 0.23 | 57 | Multisector Bonds | THCGX vs TSIIX | |
| Thornburg Investment Income Builder Fund Class I | 0.42 | 0.52 | 0.59 | 98 | Diversified Portfolio | THCGX vs TIBIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements THCGX
Add THCGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with THCGX