Looking to diversify beyond TIBWX? The mutual funds below have historically moved differently from TIBWX, 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 TIBWX
1 mutual funds have low correlation with TIBWX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.05 | 0.33 | 100 | Global Bonds | TIBWX vs DFGFX | |
| TIAA-CREF Large-Cap Value Index Fund | 0.33 | 0.25 | 0.20 | 94 | Large Cap Value Equities | TIBWX vs TILVX | |
| TIAA-CREF Small-Cap Blend Index Fund | 0.36 | 0.26 | 0.22 | 79 | Small Cap Blend Equities | TIBWX vs TISBX | |
| TIAA-CREF S&P 500 Index Fund | 0.38 | 0.23 | 0.21 | 62 | Large Cap Blend Equities | TIBWX vs TISPX | |
| Nuveen Equity Index Fund Class I | 0.39 | 0.24 | 0.21 | 63 | Large Cap Blend Equities | TIBWX vs TIEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TIBWX, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.05, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.05 | 0.20 | 0.20 | 89 | Real Estate |
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