Looking to diversify beyond TMUUX? The mutual funds below have the lowest correlation with TMUUX — 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 TMUUX.
Best Diversifiers for TMUUX
12 mutual funds have low correlation with TMUUX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.12 | 0.16 | 0.13 | 99 | Municipal Bonds | TMUUX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.13 | 0.11 | 0.10 | 99 | Municipal Bonds | TMUUX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.38 | 99 | Municipal Bonds | TMUUX vs DFSMX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.15 | 0.10 | 0.09 | 99 | Ultrashort Bond | TMUUX vs MUIIX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.14 | 0.16 | 99 | Municipal Bonds | TMUUX vs ATOIX |
See all 20 diversifiers for TMUUX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TMUUX
Add TMUUX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TMUUX