Looking to diversify beyond TLOFX? The mutual funds below have the lowest correlation with TLOFX — 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 TLOFX.
Best Diversifiers for TLOFX
4 mutual funds have low correlation with TLOFX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Intermediate Muni (TIMUX) (Municipal Bonds) with a 1Y correlation of 0.19, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Intermediate Muni | 0.19 | 0.14 | 0.09 | 76 | Municipal Bonds | TLOFX vs TIMUX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.57 | 0.76 | 65 | Large Cap Value Equities | TLOFX vs LEIFX | |
| Transamerica High Yield Muni | 0.21 | 0.15 | 0.09 | 67 | High Yield Muni | TLOFX vs THYIX | |
| Transamerica Floating Rate Fund | 0.27 | 0.24 | 0.23 | 84 | Bank Loan | TLOFX vs TFLIX | |
| Transamerica Short-Term Bond Fund | 0.36 | 0.17 | 0.13 | 68 | Short-Term Bond | TLOFX vs ITAAX |
See all 51 diversifiers for TLOFX
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