Looking to diversify beyond THMAX? The mutual funds below have the lowest correlation with THMAX — 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 THMAX.
Best Diversifiers for THMAX
3 mutual funds have low correlation with THMAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.51 | 67 | Diversified Portfolio | THMAX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.23 | 0.22 | 0.19 | 80 | High Yield Muni | THMAX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.27 | 0.25 | 0.20 | 64 | Municipal Bonds | THMAX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.59 | 82 | Diversified Portfolio | THMAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.59 | 86 | Diversified Portfolio | THMAX vs FSIRX |
See all 38 diversifiers for THMAX
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