Looking to diversify beyond THNMX? The mutual funds below have historically moved differently from THNMX, 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 THNMX
11 mutual funds have low correlation with THNMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.26 | — | 99 | Municipal Bonds | THNMX vs DFABX | |
| Thornburg Investment Income Builder Fund Class I | 0.19 | 0.17 | 0.11 | 98 | Diversified Portfolio | THNMX vs TIBIX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.26 | 0.27 | 100 | Municipal Bonds | THNMX vs ATOIX | |
| Thornburg Investment Income Builder Fund Class A | 0.20 | 0.16 | 0.11 | 98 | Global Allocation | THNMX vs TIBAX | |
| Thornburg Global Opportunities Fund | 0.20 | 0.13 | 0.10 | 94 | Foreign Large Cap Equities | THNMX vs THOIX |
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