Looking to diversify beyond TMMAX? The mutual funds below have the lowest correlation with TMMAX — 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 TMMAX.
Best Diversifiers for TMMAX
4 mutual funds have low correlation with TMMAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Technology Opportunities Fund Investor A (BGSAX) (Technology Equities) with a 1Y correlation of 0.15, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Technology Opportunities Fund Investor A | 0.15 | 0.32 | 0.46 | 66 | Technology Equities | TMMAX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.10 | 0.09 | 95 | Long-Short | TMMAX vs BDMIX | |
| Federated Hermes Equity Income Fund | 0.25 | 0.50 | 0.68 | 65 | Large Cap Value Equities | TMMAX vs LEIFX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.25 | 0.21 | 0.09 | 60 | Systematic Trend | TMMAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.32 | 0.44 | 0.56 | 70 | Large Cap Growth Equities | TMMAX vs NASDX |
See all 214 diversifiers for TMMAX
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