Looking to diversify beyond TINGX? The mutual funds below have the lowest correlation with TINGX — 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 TINGX.
Best Diversifiers for TINGX
9 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 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Ultra Short Income Fund | 0.13 | 0.11 | 0.13 | 99 | Ultrashort Bond | TINGX vs TLDIX | |
| Thornburg Short Duration Municipal Fund | 0.17 | 0.10 | 0.12 | 85 | Municipal Bonds | TINGX vs TLMIX | |
| Thornburg New Mexico Intermediate Municipal Fund | 0.20 | 0.16 | 0.17 | 74 | Municipal Bonds | TINGX vs THNMX | |
| Thornburg Limited Term Municipal Fund | 0.20 | 0.17 | 0.18 | 68 | Municipal Bonds | TINGX vs LTMFX | |
| Thornburg California Limited Term Municipal Fund | 0.21 | 0.17 | 0.18 | 66 | Municipal Bonds | TINGX vs LTCAX |
See all 32 diversifiers for TINGX
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