Looking to diversify beyond TMAAX? The mutual funds below have the lowest correlation with TMAAX — 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 TMAAX.
Best Diversifiers for TMAAX
3 mutual funds have low correlation with TMAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.52 | 67 | Diversified Portfolio | TMAAX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.21 | 0.19 | 0.16 | 80 | High Yield Muni | TMAAX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.25 | 0.21 | 0.16 | 64 | Municipal Bonds | TMAAX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.60 | 82 | Diversified Portfolio | TMAAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.60 | 86 | Diversified Portfolio | TMAAX vs FSIRX |
See all 36 diversifiers for TMAAX
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