Looking to diversify beyond TLAFX? The mutual funds below have historically moved differently from TLAFX, 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 TLAFX
1 mutual funds have low correlation with TLAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.23, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.23 | 0.14 | 0.12 | 82 | High Yield Muni | TLAFX vs THYIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.14 | 0.12 | 96 | Large Cap Blend Equities | TLAFX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.40 | 54 | Preferred Stock | TLAFX vs ORDNX | |
| Transamerica Emerging Markets Debt Fund | 0.56 | 0.41 | 0.41 | 87 | Emerging Markets Bonds | TLAFX vs EMTIX | |
| Rock Oak Core Growth Fund | 0.57 | 0.71 | 0.80 | 91 | Large Cap Blend Equities | TLAFX vs RCKSX |
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