Looking to diversify beyond THDIX? The mutual funds below have historically moved differently from THDIX, 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 THDIX
6 mutual funds have low correlation with THDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.02, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.02 | 0.32 | 0.45 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | THDIX vs GSIYX | |
| The Cook & Bynum Fund | 0.11 | 0.27 | 0.33 | 66 | Emerging Markets Equities | THDIX vs COBYX | |
| Thornburg Strategic Income Fund | 0.11 | 0.08 | 0.14 | 57 | Multisector Bonds | THDIX vs TSIIX | |
| Thornburg Strategic Municipal Income Fund | 0.16 | 0.09 | 0.11 | 83 | Municipal Bonds | THDIX vs TSSIX | |
| Thornburg Limited Term Municipal Fund | 0.19 | 0.11 | 0.13 | 56 | Municipal Bonds | THDIX vs LTMFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements THDIX
Add THDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with THDIX