Looking to diversify beyond THDIX? The mutual funds below have the lowest correlation with THDIX — 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 THDIX.
Best Diversifiers for THDIX
4 mutual funds have low correlation with THDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Strategic Income Fund (TSIIX) (Multisector Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Strategic Income Fund | 0.09 | 0.08 | 0.14 | 50 | Multisector Bonds | THDIX vs TSIIX | |
| Thornburg Strategic Municipal Income Fund | 0.14 | 0.09 | 0.10 | 75 | Municipal Bonds | THDIX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | 0.16 | 0.11 | 0.11 | 77 | Municipal Bonds | THDIX vs THIMX | |
| Thornburg Limited Term Municipal Fund | 0.17 | 0.11 | 0.12 | 68 | Municipal Bonds | THDIX vs LTMFX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.40 | 0.58 | 0.64 | 87 | Emerging Markets Diversified | THDIX vs ESCIX |
See all 31 diversifiers for THDIX
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