Looking to diversify beyond TICRX? The mutual funds below have historically moved differently from TICRX, 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 TICRX
2 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 0.22, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.22 | 0.14 | 0.13 | 89 | High Yield Muni | TICRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.24 | 0.13 | 0.13 | 91 | High Yield Muni | TICRX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | TICRX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.36 | 0.39 | 73 | Preferred Stock | TICRX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.36 | 0.42 | 59 | Preferred Stock | TICRX vs ORDNX |
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