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
9 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 0.03, 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 | 0.03 | 0.11 | 0.08 | 99 | Ultrashort Bond | THOIX vs TLDIX | |
| Thornburg Limited Term Income Fund | 0.07 | 0.12 | 0.08 | 59 | Short-Term Bond | THOIX vs THIFX | |
| Thornburg New York Intermediate Municipal Bond Fun... | 0.12 | 0.12 | 0.09 | 76 | Municipal Bonds | THOIX vs THNYX | |
| Thornburg Short Duration Municipal Fund | 0.14 | 0.06 | 0.06 | 83 | Municipal Bonds | THOIX vs TLMIX | |
| Thornburg California Limited Term Municipal Fund | 0.16 | 0.11 | 0.09 | 66 | Municipal Bonds | THOIX vs LTCAX |
See all 109 diversifiers for THOIX
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Diversification Analysis
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