Looking to diversify beyond TLMIX? The mutual funds below have historically moved differently from TLMIX, 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 TLMIX
16 mutual funds have low correlation with TLMIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) (Municipal Bonds) with a 1Y correlation of 0.11, down from 0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.11 | 0.26 | — | 100 | Municipal Bonds | TLMIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.15 | 0.24 | 0.33 | 99 | Municipal Bonds | TLMIX vs DNYMX | |
| Thornburg Investment Income Builder Fund | 0.17 | 0.12 | 0.08 | 98 | Global Allocation | TLMIX vs TIBAX | |
| Thornburg Investment Income Builder Fund Class I | 0.18 | 0.12 | 0.08 | 98 | Diversified Portfolio | TLMIX vs TIBIX | |
| Thornburg Global Opportunities Fund | 0.18 | 0.08 | 0.06 | 89 | Foreign Large Cap Equities | TLMIX vs THOIX |
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