Looking to diversify beyond TMCPX? The mutual funds below have the lowest correlation with TMCPX — 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 TMCPX.
Best Diversifiers for TMCPX
1 mutual funds have low correlation with TMCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.15, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.15 | 0.06 | 0.04 | 98 | Ultrashort Bond | TMCPX vs TSDOX | |
| Touchstone High Yield Fund | 0.45 | 0.45 | 0.46 | 82 | High Yield Bonds | TMCPX vs THYAX | |
| Touchstone Ares Credit Opportunities Fund Class Y | 0.47 | 0.44 | 0.45 | 69 | High Yield Bonds | TMCPX vs TMAYX | |
| Touchstone Ares Credit Opportunities Fund | 0.47 | 0.44 | 0.46 | 71 | High Yield Bonds | TMCPX vs TARBX | |
| Touchstone International Equity Fund | 0.54 | 0.59 | 0.64 | 91 | Foreign Large Cap Equities | TMCPX vs SWRLX |
See all 22 diversifiers for TMCPX
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