Looking to diversify beyond TMLPX? The mutual funds below have historically moved differently from TMLPX, 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 TMLPX
11 mutual funds have low correlation with TMLPX (below 0.3), 4 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | -0.18 | 0.03 | 0.04 | 82 | High Yield Muni | TMLPX vs THYIX | |
| Transamerica Emerging Markets Debt Fund | -0.16 | 0.13 | 0.22 | 87 | Emerging Markets Bonds | TMLPX vs EMTIX | |
| Transamerica Asset Allocation Growth Portfolio Fun... | -0.08 | 0.31 | 0.48 | 51 | Diversified Portfolio | TMLPX vs IAAAX | |
| Transamerica International Equity | -0.04 | 0.26 | 0.43 | 77 | Foreign Large Cap Equities | TMLPX vs TSWIX | |
| Transamerica Large Value Opportunities | 0.10 | 0.42 | 0.58 | 63 | Large Cap Value Equities | TMLPX vs TLOFX |
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