Looking to diversify beyond TILIX? The mutual funds below have the lowest correlation with TILIX — 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 TILIX.
Best Diversifiers for TILIX
36 mutual funds have low correlation with TILIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.02, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.02 | 0.23 | 0.43 | 50 | REIT | TILIX vs FARCX | |
| Nuveen Global Infrastructure Fund Class A | 0.06 | 0.23 | 0.45 | 72 | Global Equities | TILIX vs FGIAX | |
| Nuveen Short Term Municipal Bond Fund | 0.12 | 0.09 | 0.07 | 72 | Municipal Bonds | TILIX vs FSHYX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.13 | 0.07 | 0.07 | 87 | Municipal Bonds | TILIX vs FWIAX | |
| TIAA-CREF Short Term Bond Fund | 0.14 | 0.08 | 0.11 | 87 | Short-Term Bond | TILIX vs TISIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TILIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TILIX and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.65, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.65 | 0.71 | 0.73 | 72 | Technology |
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