Looking to diversify beyond TLCIX? The mutual funds below have historically moved differently from TLCIX, 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 TLCIX
2 mutual funds have low correlation with TLCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.20, up from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.20 | 0.11 | 0.06 | 99 | Ultrashort Bond | TLCIX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.23 | 0.17 | 0.13 | 55 | Municipal Bonds | TLCIX vs TOHAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | TLCIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.38 | 0.31 | 0.38 | 59 | Preferred Stock | TLCIX vs ORDNX | |
| Touchstone High Yield Fund | 0.44 | 0.42 | 0.45 | 81 | High Yield Bonds | TLCIX vs THYAX |
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