Looking to diversify beyond TIIRX? The mutual funds below have historically moved differently from TIIRX, 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 TIIRX
2 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 0.19, roughly unchanged from 0.11 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 | 0.19 | 0.11 | 0.11 | 89 | High Yield Muni | TIIRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.23 | 0.10 | 0.11 | 91 | High Yield Muni | TIIRX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.14 | 0.11 | 97 | Large Cap Blend Equities | TIIRX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.43 | 0.34 | 0.37 | 73 | Preferred Stock | TIIRX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.41 | 59 | Preferred Stock | TIIRX vs ORDNX |
To view more results, upgrade your current subscription plan.
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