Looking to diversify beyond THNYX? The mutual funds below have historically moved differently from THNYX, 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 THNYX
12 mutual funds have low correlation with THNYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.21, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.25 | 0.35 | 100 | Municipal Bonds | THNYX vs DFSMX | |
| Thornburg Global Opportunities Fund | 0.21 | 0.13 | 0.10 | 89 | Foreign Large Cap Equities | THNYX vs THOIX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.28 | 0.29 | 100 | Municipal Bonds | THNYX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.24 | 0.32 | 0.39 | 99 | Municipal Bonds | THNYX vs DFCMX | |
| Thornburg Investment Income Builder Fund | 0.24 | 0.19 | 0.13 | 98 | Global Allocation | THNYX vs TIBAX |
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