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
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 0.18, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.34 | 100 | Municipal Bonds | THNYX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.20 | 0.30 | 0.38 | 99 | Municipal Bonds | THNYX vs DFCMX | |
| Thornburg Global Opportunities Fund | 0.21 | 0.13 | 0.10 | 86 | Foreign Large Cap Equities | THNYX vs THOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.29 | — | 100 | Municipal Bonds | THNYX vs DFABX | |
| Thornburg Investment Income Builder Fund | 0.22 | 0.19 | 0.12 | 97 | Global Allocation | THNYX vs TIBAX |
See all 27 diversifiers for THNYX
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