Looking to diversify beyond TINGX? The mutual funds below have historically moved differently from TINGX, 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 TINGX
12 mutual funds have low correlation with TINGX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Ultra Short Income Fund (TLDIX) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.09 | 0.09 | 0.13 | 100 | Ultrashort Bond | TINGX vs TLDIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.16 | 0.54 | 0.63 | 61 | Foreign Large Cap Equities | TINGX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.55 | 0.63 | 61 | Foreign Large Cap Equities | TINGX vs GSINX | |
| GQG Partners International Quality Dividend Income... | 0.20 | 0.52 | 0.57 | 71 | Quality Factor, Foreign Large Cap Equities | TINGX vs GQJPX | |
| Thornburg Short Duration Municipal Fund | 0.20 | 0.11 | 0.13 | 83 | Municipal Bonds | TINGX vs TLMIX |
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