Looking to diversify beyond THPMX? The mutual funds below have historically moved differently from THPMX, 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 THPMX
0 mutual funds have low correlation with THPMX (below 0.3), 0 of which are negatively correlated. The least correlated is Thompson Bond Fund (THOPX) (Short-Term Bond) with a 1Y correlation of 0.36, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thompson Bond Fund | 0.36 | 0.25 | 0.19 | 91 | Short-Term Bond | THPMX vs THOPX | |
| Tarkio Fund | 0.64 | 0.76 | 0.84 | 65 | Mid Cap Blend Equities | THPMX vs TARKX | |
| Paradigm Select Fund | 0.66 | 0.77 | 0.84 | 90 | Mid Cap Blend Equities | THPMX vs PFSLX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.66 | 0.80 | 0.88 | 69 | Mid Cap Blend Equities | THPMX vs JECIX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 0.68 | 0.84 | 0.90 | 68 | Mid Cap Blend Equities | THPMX vs FZFLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for THPMX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.23, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.23 | 0.32 | 0.49 | 56 | Technology |
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