Looking to diversify beyond TMPFX? The mutual funds below have the lowest correlation with TMPFX — 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 TMPFX.
Best Diversifiers for TMPFX
64 mutual funds have low correlation with TMPFX (below 0.3), 27 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | -0.10 | -0.06 | -0.04 | 98 | Ultrashort Bond | TMPFX vs SADIX | |
| PIMCO Short Term Fund | -0.09 | -0.01 | 0.01 | 99 | Ultrashort Bond | TMPFX vs PTSHX | |
| Federated Hermes Government Ultrashort Fund | -0.08 | -0.02 | — | 98 | Ultrashort Bond | TMPFX vs FGUSX | |
| Touchstone Ultra Short Duration Fixed Income Fund | -0.07 | -0.08 | -0.05 | 98 | Ultrashort Bond | TMPFX vs TSDOX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.07 | -0.02 | 0.02 | 100 | Ultrashort Bond | TMPFX vs ENIAX |
See all 64 diversifiers for TMPFX
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