Looking to diversify beyond THOIX? The mutual funds below have historically moved differently from THOIX, 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 THOIX
5 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 0.05, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.05 | 0.08 | 0.08 | 99 | Ultrashort Bond | THOIX vs TLDIX | |
| Thornburg Short Duration Municipal Fund | 0.18 | 0.08 | 0.06 | 68 | Municipal Bonds | THOIX vs TLMIX | |
| Thornburg Strategic Municipal Income Fund | 0.23 | 0.14 | 0.10 | 67 | Municipal Bonds | THOIX vs TSSIX | |
| Thornburg New York Intermediate Municipal Bond Fun... | 0.23 | 0.13 | 0.11 | 73 | Municipal Bonds | THOIX vs THNYX | |
| Thornburg Intermediate Municipal Fund | 0.25 | 0.14 | 0.10 | 66 | Municipal Bonds | THOIX vs THIMX |
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