Looking to diversify beyond TMDIX? The mutual funds below have historically moved differently from TMDIX, 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 TMDIX
5 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 0.03, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.03 | 0.08 | 0.12 | 69 | Commodities | TMDIX vs MCSFX | |
| Cromwell CenterSquare Real Estate Fund | 0.17 | 0.35 | 0.50 | 56 | REIT | TMDIX vs MRESX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.17 | 0.12 | 0.11 | 100 | Bank Loan, High Yield Bonds | TMDIX vs CCLFX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.20 | 0.12 | 0.12 | 77 | High Yield Muni | TMDIX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.23 | 0.16 | 0.13 | 57 | Municipal Bonds | TMDIX vs GWMIX |
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