Looking to diversify beyond THNMX? The mutual funds below have the lowest correlation with THNMX — 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 THNMX.
Best Diversifiers for THNMX
10 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 0.09, down from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.09 | 0.26 | — | 100 | Municipal Bonds | THNMX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.15 | 0.27 | 0.38 | 99 | Municipal Bonds | THNMX vs DNYMX | |
| Thornburg Global Opportunities Fund | 0.17 | 0.13 | 0.09 | 94 | Foreign Large Cap Equities | THNMX vs THOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.37 | 99 | Municipal Bonds | THNMX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.29 | 0.35 | 99 | Municipal Bonds | THNMX vs DFSMX |
See all 22 diversifiers for THNMX
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