Looking to diversify beyond TLLRX? The mutual funds below have the lowest correlation with TLLRX — 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 TLLRX.
Best Diversifiers for TLLRX
2 mutual funds have low correlation with TLLRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.25, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.25 | 0.17 | 0.16 | 60 | High Yield Muni | TLLRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.14 | 0.14 | 62 | High Yield Muni | TLLRX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.45 | 0.41 | 0.43 | 75 | Preferred Stock/Convertible Bonds | TLLRX vs NPSRX | |
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.74 | 81 | Target Retirement Date | TLLRX vs TDIFX | |
| Nuveen Mid Cap Value Fund | 0.74 | 0.80 | 0.85 | 72 | Mid Cap Value Equities | TLLRX vs FASEX |
See all 44 diversifiers for TLLRX
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