Looking to diversify beyond TMSRX? The mutual funds below have historically moved differently from TMSRX, 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 TMSRX
34 mutual funds have low correlation with TMSRX (below 0.3), 9 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.16, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.16 | -0.06 | -0.12 | 93 | Multistrategy | TMSRX vs GFSYX | |
| AQR Diversified Arbitrage Fund Class N | -0.11 | 0.07 | 0.13 | 99 | Multistrategy | TMSRX vs ADANX | |
| AQR Style Premia Alternative Fund - Class I | -0.10 | 0.04 | -0.05 | 90 | Multistrategy | TMSRX vs QSPIX | |
| AQR Style Premia Alternative R6 | -0.10 | 0.04 | -0.05 | 90 | Multistrategy | TMSRX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.09 | 0.04 | -0.05 | 89 | Multistrategy | TMSRX vs QSPNX |
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