Looking to diversify beyond TMDIX? The mutual funds below have the lowest correlation with TMDIX — 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 TMDIX.
Best Diversifiers for TMDIX
3 mutual funds have low correlation with TMDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.11 | 0.11 | 0.10 | 100 | High Yield Bonds | TMDIX vs CCLFX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.17 | 0.12 | 0.11 | 58 | High Yield Muni | TMDIX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.23 | 0.16 | 0.13 | 63 | Municipal Bonds | TMDIX vs GWMIX | |
| AMG Veritas Asia Pacific Fund | 0.51 | 0.56 | 0.59 | 92 | Asia Pacific Equities | TMDIX vs MGSEX | |
| Janus Henderson Global Equity Income Fund | 0.53 | 0.54 | 0.62 | 66 | Foreign Large Cap Equities | TMDIX vs HFQAX |
See all 29 diversifiers for TMDIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TMDIX
Add TMDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TMDIX