Looking to diversify beyond TICRX? The mutual funds below have the lowest correlation with TICRX — 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 TICRX.
Best Diversifiers for TICRX
3 mutual funds have low correlation with TICRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.15 | 0.13 | 0.12 | 61 | High Yield Muni | TICRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.19 | 0.11 | 0.12 | 62 | High Yield Muni | TICRX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | TICRX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.35 | 0.35 | 0.38 | 76 | Preferred Stock/Convertible Bonds | TICRX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.34 | 0.43 | 72 | Large Cap Blend Equities | TICRX vs ORDNX |
See all 28 diversifiers for TICRX
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