Looking to diversify beyond THOPX? The mutual funds below have the lowest correlation with THOPX — 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 THOPX.
Best Diversifiers for THOPX
10 mutual funds have low correlation with THOPX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.04 | 0.11 | 0.33 | 68 | Short-Term Bond | THOPX vs DFCFX | |
| Fidelity Floating Rate High Income Fund | 0.06 | 0.08 | 0.14 | 92 | Bank Loan | THOPX vs FFRHX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.12 | 0.19 | 79 | Short-Term Bond | THOPX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.21 | 0.52 | 0.56 | 57 | Short-Term Bond | THOPX vs GPARX | |
| GuidepathConservative Income Fund | 0.21 | 0.34 | 0.38 | 99 | Short-Term Bond | THOPX vs GPICX |
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