Looking to diversify beyond TIBIX? The mutual funds below have the lowest correlation with TIBIX — 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 TIBIX.
Best Diversifiers for TIBIX
13 mutual funds have low correlation with TIBIX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund Class N (QSPNX) (Multistrategy) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | -0.04 | 0.03 | 0.01 | 53 | Multistrategy | TIBIX vs QSPNX | |
| Thornburg Ultra Short Income Fund | 0.08 | 0.13 | 0.09 | 99 | Ultrashort Bond | TIBIX vs TLDIX | |
| AQR Managed Futures Strategy HV Fund Class N | 0.17 | 0.04 | -0.05 | 83 | Systematic Trend | TIBIX vs QMHNX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.18 | 0.08 | 0.07 | 94 | Long-Short | TIBIX vs BDMIX | |
| Thornburg Short Duration Municipal Fund | 0.19 | 0.12 | 0.07 | 85 | Municipal Bonds | TIBIX vs TLMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TIBIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIBIX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.00, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.00 | 0.20 | 0.35 | 70 | Energy | |
| Exxon Mobil Corporation | 0.02 | 0.18 | 0.34 | 74 | Energy | |
| Shell plc | 0.16 | 0.34 | 0.44 | 62 | Energy | |
| Cisco Systems, Inc. | 0.24 | 0.34 | 0.47 | 93 | Technology |
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