Looking to diversify beyond TMMAX? The mutual funds below have historically moved differently from TMMAX, 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 TMMAX
4 mutual funds have low correlation with TMMAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.10 | 0.07 | 0.07 | 97 | Equity Market Neutral | TMMAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.15 | 0.16 | 0.06 | 66 | Systematic Trend | TMMAX vs ASFYX | |
| AMG Yacktman Focused Fund | 0.18 | 0.49 | 0.61 | 89 | Large Cap Value Equities | TMMAX vs YAFFX | |
| Fidelity Dividend Growth Fund Class K | 0.30 | 0.52 | 0.68 | 69 | Large Cap Value Equities | TMMAX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.30 | 0.52 | 0.69 | 80 | Large Cap Blend Equities, Dividend | TMMAX vs FDGFX |
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