Looking to diversify beyond TMNIX? The mutual funds below have historically moved differently from TMNIX, 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 TMNIX
0 mutual funds have low correlation with TMNIX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | 0.51 | — | — | 73 | High Yield Muni | TMNIX vs FDUAX | |
| abrdn Short Duration High Yield Municipal Fund | 0.55 | 0.56 | 0.53 | 82 | High Yield Muni | TMNIX vs AHYMX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.58 | 0.59 | 0.50 | 91 | High Yield Muni | TMNIX vs NVHIX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.63 | 0.61 | 0.56 | 88 | High Yield Muni | TMNIX vs SDHIX | |
| First Eagle High Yield Municipal Fund Class A | 0.64 | 0.60 | 0.46 | 64 | High Yield Muni | TMNIX vs FEHAX |
See all 48 diversifiers for TMNIX
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