Looking to diversify beyond THCGX? The mutual funds below have the lowest correlation with THCGX — 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 THCGX.
Best Diversifiers for THCGX
4 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 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Limited Term Municipal Fund | 0.11 | 0.10 | 0.10 | 68 | Municipal Bonds | THCGX vs LTMFX | |
| Thornburg Intermediate Municipal Fund | 0.14 | 0.11 | 0.10 | 77 | Municipal Bonds | THCGX vs THIMX | |
| Thornburg Strategic Municipal Income Fund | 0.17 | 0.12 | 0.11 | 75 | Municipal Bonds | THCGX vs TSSIX | |
| Thornburg Strategic Income Fund | 0.29 | 0.22 | 0.22 | 50 | Multisector Bonds | THCGX vs TSIIX | |
| Thornburg Investment Income Builder Fund Class I | 0.45 | 0.54 | 0.60 | 98 | Diversified Portfolio | THCGX vs TIBIX |
See all 25 diversifiers for THCGX
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