Looking to diversify beyond TIHBX? The mutual funds below have historically moved differently from TIHBX, 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 TIHBX
0 mutual funds have low correlation with TIHBX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.30, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.30 | 0.20 | 0.16 | 89 | High Yield Muni | TIHBX vs THYIX | |
| Federated Hermes International Strategic Value Div... | 0.44 | 0.55 | 0.67 | 88 | Foreign Large Cap Equities | TIHBX vs IVFIX | |
| Transamerica Small/Mid Cap Value Fund | 0.52 | 0.58 | 0.66 | 76 | Mid Cap Value Equities | TIHBX vs IIVAX | |
| Kopernik International Fund | 0.58 | 0.48 | 0.59 | 66 | Foreign Large Cap Equities | TIHBX vs KGIIX | |
| Transamerica Small Cap Value | 0.62 | 0.61 | 0.65 | 93 | Small Cap Value Equities | TIHBX vs TSLTX |
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