Looking to diversify beyond TMIFX? The mutual funds below have the lowest correlation with TMIFX — 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 TMIFX.
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 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.20 | 0.13 | 0.12 | 64 | High Yield Muni | TMIFX vs THYIX | |
| Transamerica Emerging Markets Debt Fund | 0.47 | 0.40 | 0.40 | 87 | Emerging Markets Bonds | TMIFX vs EMTIX | |
| Essex Environmental Opportunities Fund | 0.63 | 0.71 | 0.78 | 66 | Mid Cap Growth Equities | TMIFX vs EEOFX | |
| Tanaka Growth Fund | 0.64 | 0.70 | 0.75 | 53 | Mid Cap Growth Equities | TMIFX vs TGFRX | |
| Transamerica Small Cap Value | 0.68 | 0.71 | 0.73 | 91 | Small Cap Value Equities | TMIFX vs TSLTX |
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