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), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.04 | 0.19 | 0.25 | 73 | Diversified Portfolio | TIBIX vs SIFAX | |
| Thornburg Ultra Short Income Fund | 0.07 | 0.12 | 0.09 | 99 | Ultrashort Bond | TIBIX vs TLDIX | |
| Thornburg Short Duration Municipal Fund | 0.20 | 0.12 | 0.07 | 83 | Municipal Bonds | TIBIX vs TLMIX | |
| AQR Managed Futures Strategy HV Fund Class N | 0.20 | 0.04 | -0.05 | 82 | Systematic Trend | TIBIX vs QMHNX | |
| Thornburg New York Intermediate Municipal Bond Fun... | 0.21 | 0.17 | 0.11 | 76 | Municipal Bonds | TIBIX vs THNYX |
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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 | 0.21 | 0.35 | 83 | Energy | |
| Exxon Mobil Corporation | 0.01 | 0.20 | 0.34 | 85 | Energy | |
| Shell plc | 0.14 | 0.34 | 0.44 | 80 | Energy | |
| International Business Machines Corporation | 0.18 | 0.30 | 0.40 | 53 | Technology | |
| Cisco Systems, Inc. | 0.23 | 0.34 | 0.47 | 95 | Technology |
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