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
5 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 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.15 | 0.09 | 0.08 | 96 | Equity Market Neutral | TMMAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.20 | 0.18 | 0.07 | 51 | Systematic Trend | TMMAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.23 | 0.40 | 0.55 | 59 | Large Cap Growth Equities | TMMAX vs NASDX | |
| AMG Yacktman Focused Fund | 0.23 | 0.50 | 0.62 | 86 | Large Cap Value Equities | TMMAX vs YAFFX | |
| Federated Hermes Equity Income Fund | 0.29 | 0.50 | 0.68 | 71 | Large Cap Value Equities | TMMAX vs LEIFX |
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