Looking to diversify beyond TIBAX? The mutual funds below have historically moved differently from TIBAX, 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 TIBAX
13 mutual funds have low correlation with TIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Medalist Partners Short Duration Fund (SEMRX) (Ultrashort Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 0.11 | 0.12 | 0.08 | 99 | Ultrashort Bond | TIBAX vs SEMRX | |
| Thornburg Ultra Short Income Fund | 0.11 | 0.12 | 0.10 | 100 | Ultrashort Bond | TIBAX vs TLDIX | |
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.14 | 0.09 | 99 | Multisector Bonds | TIBAX vs NWXHX | |
| Parametric Commodity Strategy Fund Class A | 0.17 | 0.24 | 0.30 | 84 | Commodities | TIBAX vs EAPCX | |
| Thornburg Short Duration Municipal Fund | 0.17 | 0.12 | 0.08 | 83 | Municipal Bonds | TIBAX vs TLMIX |
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