Looking to diversify beyond THOIX? The mutual funds below have the lowest correlation with THOIX — 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 THOIX.
Best Diversifiers for THOIX
10 mutual funds have low correlation with THOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Ultra Short Income Fund (TLDIX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.04 | 0.10 | 0.08 | 99 | Ultrashort Bond | THOIX vs TLDIX | |
| Thornburg Limited Term Income Fund | 0.16 | 0.14 | 0.10 | 64 | Short-Term Bond | THOIX vs THIFX | |
| Thornburg Short Duration Municipal Fund | 0.17 | 0.08 | 0.06 | 90 | Municipal Bonds | THOIX vs TLMIX | |
| Thornburg New Mexico Intermediate Municipal Fund | 0.19 | 0.13 | 0.09 | 74 | Municipal Bonds | THOIX vs THNMX | |
| Thornburg New York Intermediate Municipal Bond Fun... | 0.21 | 0.13 | 0.10 | 88 | Municipal Bonds | THOIX vs THNYX |
See all 124 diversifiers for THOIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements THOIX
Add THOIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with THOIX