Looking to diversify beyond TIIRX? The mutual funds below have the lowest correlation with TIIRX — 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 TIIRX.
Best Diversifiers for TIIRX
3 mutual funds have low correlation with TIIRX (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 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.13 | 0.10 | 0.10 | 61 | High Yield Muni | TIIRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.19 | 0.09 | 0.10 | 62 | High Yield Muni | TIIRX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.12 | 0.10 | 73 | Large Cap Blend Equities | TIIRX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.38 | 0.33 | 0.36 | 76 | Preferred Stock/Convertible Bonds | TIIRX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.32 | 0.42 | 72 | Large Cap Blend Equities | TIIRX vs ORDNX |
See all 31 diversifiers for TIIRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TIIRX
Add TIIRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TIIRX