Looking to diversify beyond TIBIX? The mutual funds below have historically moved differently from TIBIX, 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 TIBIX
13 mutual funds have low correlation with TIBIX (below 0.3), 2 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 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | -0.04 | 0.02 | 0.02 | 86 | Multistrategy | TIBIX vs QSPNX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.00 | 0.15 | 0.23 | 77 | Diversified Portfolio | TIBIX vs SIFAX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 0.06 | 0.35 | 0.49 | 72 | Infrastructure Equities, MLPs | TIBIX vs GAMPX | |
| Thornburg Ultra Short Income Fund | 0.11 | 0.12 | 0.10 | 99 | Ultrashort Bond | TIBIX vs TLDIX | |
| Thornburg Short Duration Municipal Fund | 0.18 | 0.12 | 0.08 | 68 | Municipal Bonds | TIBIX vs TLMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TIBIX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.01, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.01 | 0.18 | 0.33 | 76 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.17 | 0.32 | 85 | Energy | |
| Shell plc | 0.12 | 0.31 | 0.42 | 77 | Energy | |
| Cisco Systems, Inc. | 0.20 | 0.33 | 0.46 | 94 | Technology |
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