Looking to diversify beyond TIGIX? The mutual funds below have historically moved differently from TIGIX, 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 TIGIX
6 mutual funds have low correlation with TIGIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.12 | 0.39 | 66 | Diversified Portfolio | TIGIX vs MHELX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.21 | 0.35 | 0.42 | 62 | Diversified Portfolio | TIGIX vs ABIEX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.23 | 0.29 | 0.35 | 83 | Diversified Portfolio | TIGIX vs SIFAX | |
| Standpoint Multi-Asset Fund Institutional | 0.26 | 0.31 | 0.36 | 84 | Diversified Portfolio | TIGIX vs BLNDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.29 | 0.36 | 0.40 | 99 | Diversified Portfolio | TIGIX vs STDAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TIGIX, 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 Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.36, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.36 | 0.47 | 0.50 | 71 | Real Estate |
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