Looking to diversify beyond TLGAX? The mutual funds below have historically moved differently from TLGAX, 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 TLGAX
0 mutual funds have low correlation with TLGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Timothy Plan Defensive Strategies Fund Class I (TPDIX) (Tactical Allocation) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Timothy Plan Defensive Strategies Fund Class I | 0.33 | 0.35 | 0.46 | 70 | Tactical Allocation | TLGAX vs TPDIX | |
| Timothy Plan Defensive Strategies Fund | 0.34 | 0.35 | 0.47 | 72 | Diversified Portfolio | TLGAX vs TPDAX | |
| Timothy Plan High Yield Bond Fund | 0.51 | 0.44 | 0.45 | 75 | High Yield Bonds | TLGAX vs TPHAX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.69 | 0.76 | 90 | Large Cap Growth Equities | TLGAX vs DNVYX | |
| MFS International Intrinsic Value Fund Class I | 0.63 | 0.65 | 0.72 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | TLGAX vs MINIX |
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