Looking to diversify beyond TMIFX? The mutual funds below have historically moved differently from TMIFX, 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 TMIFX
1 mutual funds have low correlation with TMIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.26 | 0.14 | 0.13 | 89 | High Yield Muni | TMIFX vs THYIX | |
| Transamerica Emerging Markets Debt Fund | 0.48 | 0.40 | 0.40 | 88 | Emerging Markets Bonds | TMIFX vs EMTIX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.53 | 0.54 | 0.56 | 70 | Diversified Portfolio | TMIFX vs VWIAX | |
| Transamerica Small/Mid Cap Value Fund | 0.57 | 0.66 | 0.71 | 76 | Mid Cap Value Equities | TMIFX vs IIVAX | |
| Transamerica International Equity | 0.61 | 0.60 | 0.65 | 78 | Foreign Large Cap Equities | TMIFX vs TSWIX |
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