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Looking to diversify beyond THOPX? The mutual funds below have historically moved differently from THOPX, 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 THOPX

8 mutual funds have low correlation with THOPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.00, down from 0.13 over 5 years.

How candidates are selected

See all 39 diversifiers for THOPX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for THOPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.17, down from -0.01 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Petróleo Brasileiro S.A. - Petrobras-0.17-0.03-0.01
85
Energy
JBS N.V.0.22
52
Consumer Defensive

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