Looking to diversify beyond TIBDX? The mutual funds below have historically moved differently from TIBDX, 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 TIBDX
1 mutual funds have low correlation with TIBDX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Investment Income Builder Fund (TIBAX) (Global Allocation) with a 1Y correlation of 0.28, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 0.28 | 0.27 | 0.20 | 98 | Global Allocation | TIBDX vs TIBAX | |
| TIAA-CREF Small-Cap Blend Index Fund | 0.32 | 0.24 | 0.19 | 79 | Small Cap Blend Equities | TIBDX vs TISBX | |
| TIAA-CREF Large-Cap Value Index Fund | 0.32 | 0.25 | 0.19 | 94 | Large Cap Value Equities | TIBDX vs TILVX | |
| TIAA-CREF S&P 500 Index Fund | 0.33 | 0.22 | 0.18 | 62 | Large Cap Blend Equities | TIBDX vs TISPX | |
| Nuveen Equity Index Fund Class I | 0.35 | 0.23 | 0.19 | 63 | Large Cap Blend Equities | TIBDX vs TIEIX |
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