Looking to diversify beyond TMAYX? The mutual funds below have the lowest correlation with TMAYX — 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 TMAYX.
Best Diversifiers for TMAYX
5 mutual funds have low correlation with TMAYX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | -0.00 | 0.01 | 100 | High Yield Bonds | TMAYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.13 | 0.14 | 100 | High Yield Bonds | TMAYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.11 | 0.19 | 0.27 | 99 | High Yield Bonds | TMAYX vs RPHIX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.21 | 0.23 | 0.20 | 98 | Ultrashort Bond | TMAYX vs TSDOX | |
| Pioneer Corporate High Yield Fund | 0.24 | 0.57 | 0.70 | 52 | High Yield Bonds | TMAYX vs RCRYX |
See all 32 diversifiers for TMAYX
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