Looking to diversify beyond THIMX? The mutual funds below have historically moved differently from THIMX, 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 THIMX
18 mutual funds have low correlation with THIMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.19 | 0.22 | 91 | Municipal Bonds | THIMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.23 | 94 | Municipal Bonds | THIMX vs DMREX | |
| Thornburg Developing World Fund | 0.21 | 0.12 | 0.13 | 58 | Emerging Markets Equities | THIMX vs THDIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.29 | — | 100 | Municipal Bonds | THIMX vs DFABX | |
| Thornburg Ultra Short Income Fund | 0.23 | 0.27 | 0.30 | 100 | Ultrashort Bond | THIMX vs TLDIX |
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