Looking to diversify beyond THNYX? The mutual funds below have the lowest correlation with THNYX — 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 THNYX.
Best Diversifiers for THNYX
11 mutual funds have low correlation with THNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Global Opportunities Fund (THOIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Global Opportunities Fund | 0.12 | 0.12 | 0.09 | 94 | Foreign Large Cap Equities | THNYX vs THOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.24 | 0.34 | 99 | Municipal Bonds | THNYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | THNYX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.30 | 0.37 | 99 | Municipal Bonds | THNYX vs USMSX | |
| Thornburg Investment Income Builder Fund | 0.21 | 0.17 | 0.11 | 98 | Global Allocation | THNYX vs TIBAX |
See all 22 diversifiers for THNYX
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