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 MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.01 | 0.10 | 0.13 | 77 | Commodities | TMDIX vs MCSFX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.12 | 0.10 | 100 | High Yield Bonds | TMDIX vs CCLFX | |
| AMG GW&K Municipal Bond Fund | 0.19 | 0.15 | 0.12 | 59 | Municipal Bonds | TMDIX vs GWMIX | |
| AMG Veritas Asia Pacific Fund | 0.49 | 0.55 | 0.58 | 95 | Asia Pacific Equities | TMDIX vs MGSEX | |
| Janus Henderson Global Equity Income Fund | 0.50 | 0.54 | 0.61 | 56 | Foreign Large Cap Equities | TMDIX vs HFQAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMDIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMDIX and solid risk/return profiles. The least correlated is BigBear.ai Holdings, Inc. (BBAI) (Technology) with a 1Y correlation of 0.45, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BigBear.ai Holdings, Inc. | 0.45 | 0.46 | — | 52 | Technology |
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