Looking to diversify beyond TIFUX? The mutual funds below have historically moved differently from TIFUX, 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 TIFUX
2 mutual funds have low correlation with TIFUX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.15 | 0.06 | 0.06 | 100 | Ultrashort Bond | TIFUX vs MUIIX | |
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.11 | 0.32 | 100 | Global Bonds | TIFUX vs DFGFX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.34 | 0.23 | 0.20 | 57 | Emerging Markets Bonds | TIFUX vs EDD | |
| Destinations Global Fixed Income Opportunities Fun... | 0.42 | 0.48 | 0.41 | 98 | Global Bonds | TIFUX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.43 | 0.51 | 0.43 | 97 | Global Bonds | TIFUX vs EAIIX |
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