Looking to diversify beyond TINRX? The mutual funds below have the lowest correlation with TINRX — 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 TINRX.
Best Diversifiers for TINRX
2 mutual funds have low correlation with TINRX (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 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.20 | 0.13 | 0.12 | 63 | High Yield Muni | TINRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.22 | 0.11 | 0.11 | 65 | High Yield Muni | TINRX vs NVHIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 72 | Large Cap Blend Equities | TINRX vs SVPFX | |
| Nuveen Preferred Securities & Income Fund | 0.45 | 0.37 | 0.38 | 73 | Preferred Stock/Convertible Bonds | TINRX vs NPSRX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.37 | 0.43 | 69 | Large Cap Blend Equities | TINRX vs ORDNX |
See all 38 diversifiers for TINRX
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