Looking to diversify beyond TMAAX? The mutual funds below have historically moved differently from TMAAX, 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 TMAAX
4 mutual funds have low correlation with TMAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.06 | 0.08 | 83 | Diversified Portfolio | TMAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.50 | 66 | Diversified Portfolio | TMAAX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.24 | 0.19 | 0.17 | 92 | High Yield Muni | TMAAX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.28 | 0.21 | 0.17 | 81 | Municipal Bonds | TMAAX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.52 | 0.58 | 89 | Diversified Portfolio | TMAAX vs FCSRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TMAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Robert Half International Inc. (RHI) (Industrials) with a 1Y correlation of 0.06, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Robert Half International Inc. | 0.06 | 0.32 | 0.49 | 52 | Industrials |
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