Looking to diversify beyond THMAX? The mutual funds below have historically moved differently from THMAX, 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 THMAX
3 mutual funds have low correlation with THMAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.06 | 0.08 | 83 | Diversified Portfolio | THMAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.49 | 66 | Diversified Portfolio | THMAX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.27 | 0.22 | 0.20 | 92 | High Yield Muni | THMAX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.32 | 0.25 | 0.21 | 81 | Municipal Bonds | THMAX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.51 | 0.58 | 89 | Diversified Portfolio | THMAX vs FCSRX |
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