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
63 mutual funds have low correlation with TMPFX (below 0.3), 19 of which are negatively correlated. The least correlated is PIMCO Short Term Fund (PTSHX) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Term Fund | -0.11 | -0.02 | 0.01 | 99 | Ultrashort Bond | TMPFX vs PTSHX | |
| Allspring Ultra Short-Term Income Fund | -0.09 | -0.06 | -0.04 | 98 | Ultrashort Bond | TMPFX vs SADIX | |
| Federated Hermes Government Ultrashort Fund | -0.08 | -0.02 | — | 99 | Ultrashort Bond | TMPFX vs FGUSX | |
| Navigator Ultra Short Term Bond Fund | -0.07 | -0.06 | 0.02 | 100 | Ultrashort Bond | TMPFX vs NUSIX | |
| PIMCO Short Asset Investment Fund | -0.06 | 0.05 | 0.03 | 100 | Ultrashort Bond | TMPFX vs PAIPX |
See all 63 diversifiers for TMPFX
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