Looking to diversify beyond TMCGX? The mutual funds below have historically moved differently from TMCGX, 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 TMCGX
2 mutual funds have low correlation with TMCGX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.16 | 0.01 | 0.10 | 79 | Commodities | TMCGX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.12 | 0.02 | 0.10 | 72 | Commodities | TMCGX vs PCLIX | |
| Thrivent Opportunity Income Plus Fund | 0.53 | 0.40 | 0.43 | 70 | Multisector Bonds | TMCGX vs AAINX | |
| Dodge & Cox Stock Fund Class I | 0.53 | 0.68 | 0.75 | 56 | Large Cap Value Equities | TMCGX vs DODGX | |
| MFS Value Fund Class I | 0.54 | 0.65 | 0.72 | 69 | Large Cap Value Equities | TMCGX vs MEIIX |
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