Looking to diversify beyond TIBAX? The mutual funds below have the lowest correlation with TIBAX — 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 TIBAX.
Best Diversifiers for TIBAX
15 mutual funds have low correlation with TIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Ultra Short Income Fund (TLDIX) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.09 | 0.13 | 0.09 | 99 | Ultrashort Bond | TIBAX vs TLDIX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.14 | 0.09 | 99 | Multisector Bonds | TIBAX vs NWXHX | |
| Parametric Commodity Strategy Fund Class A | 0.15 | 0.26 | 0.31 | 55 | Commodities | TIBAX vs EAPCX | |
| Semper Short Duration Fund | 0.16 | 0.13 | 0.08 | 99 | Ultrashort Bond | TIBAX vs SEMRX | |
| Thornburg Short Duration Municipal Fund | 0.19 | 0.12 | 0.07 | 85 | Municipal Bonds | TIBAX vs TLMIX |
See all 85 diversifiers for TIBAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TIBAX
Add TIBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TIBAX