Looking to diversify beyond TMSRX? The mutual funds below have the lowest correlation with TMSRX — 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 TMSRX.
Best Diversifiers for TMSRX
30 mutual funds have low correlation with TMSRX (below 0.3), 5 of which are negatively correlated. The least correlated is AQR Diversified Arbitrage Fund Class N (ADANX) (Multistrategy) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.10 | 0.08 | 0.14 | 99 | Multistrategy | TMSRX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.05 | 0.10 | 0.15 | 99 | Multistrategy | TMSRX vs ADAIX | |
| Stone Ridge Diversified Alternatives Fund | -0.04 | 0.07 | 0.07 | 83 | Multistrategy | TMSRX vs SRDAX | |
| GMO Alternative Allocation Fund | -0.04 | 0.05 | 0.04 | 66 | Multistrategy | TMSRX vs GAAVX | |
| Morningstar Alternatives Fund | -0.03 | 0.07 | 0.05 | 76 | Multistrategy | TMSRX vs MSTVX |
See all 40 diversifiers for TMSRX
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