Looking to diversify beyond THPGX? The mutual funds below have the lowest correlation with THPGX — 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 THPGX.
Best Diversifiers for THPGX
1 mutual funds have low correlation with THPGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.21, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.21 | 0.55 | 0.74 | 65 | Large Cap Value Equities | THPGX vs LEIFX | |
| Thompson Bond Fund | 0.34 | 0.23 | 0.18 | 91 | Short-Term Bond | THPGX vs THOPX | |
| Federated Hermes Strategic Value Dividend Fund | 0.37 | 0.51 | 0.62 | 78 | Large Cap Value Equities | THPGX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.51 | 0.66 | 0.74 | 81 | Large Cap Value Equities | THPGX vs HFCVX | |
| Smead Value Fund | 0.59 | 0.73 | 0.80 | 62 | Large Cap Value Equities | THPGX vs SMVLX |
See all 200 diversifiers for THPGX
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