Looking to diversify beyond TLCIX? The mutual funds below have the lowest correlation with TLCIX — 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 TLCIX.
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 Core Municipal Bond Fund (TOHAX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Core Municipal Bond Fund | 0.18 | 0.15 | 0.11 | 58 | Municipal Bonds | TLCIX vs TOHAX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.19 | 0.10 | 0.05 | 98 | Ultrashort Bond | TLCIX vs TSDOX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.15 | 0.13 | 72 | Large Cap Blend Equities | TLCIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.36 | 0.31 | 0.40 | 69 | Large Cap Blend Equities | TLCIX vs ORDNX | |
| Touchstone High Yield Fund | 0.44 | 0.43 | 0.45 | 84 | High Yield Bonds | TLCIX vs THYAX |
See all 41 diversifiers for TLCIX
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