Looking to diversify beyond TIVFX? The mutual funds below have the lowest correlation with TIVFX — 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 TIVFX.
Best Diversifiers for TIVFX
1 mutual funds have low correlation with TIVFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.26, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.26 | 0.37 | 0.55 | 70 | Foreign Large Cap Equities | TIVFX vs IVFIX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.38 | 0.23 | 0.27 | 67 | Short-Term Bond | TIVFX vs TFBYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.42 | 0.28 | 0.35 | 66 | Multisector Bonds | TIVFX vs TFGPX | |
| American Beacon Developing World Income Fund Class... | 0.42 | 0.32 | 0.37 | 99 | Emerging Markets Bonds | TIVFX vs AGEYX | |
| PIMCO RAE PLUS International Fund | 0.44 | 0.48 | 0.58 | 86 | Foreign Large Cap Equities | TIVFX vs PTSIX |
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