Looking to diversify beyond TNBMX? The mutual funds below have historically moved differently from TNBMX, 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 TNBMX
8 mutual funds have low correlation with TNBMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.15, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.15 | 0.06 | 0.31 | 100 | Global Bonds | TNBMX vs DFGFX | |
| T. Rowe Price U.S. Equity Research Fund | 0.25 | 0.18 | 0.14 | 69 | Large Cap Blend Equities | TNBMX vs PRCOX | |
| T. Rowe Price U.S. Equity Research Fund I Class | 0.25 | 0.18 | 0.14 | 52 | Large Cap Blend Equities | TNBMX vs PCCOX | |
| Eaton Vance Global Bond Fund | 0.27 | 0.52 | 0.47 | 96 | Global Bonds | TNBMX vs EAIIX | |
| T. Rowe Price Equity Index 500 Fund | 0.27 | 0.19 | 0.15 | 74 | Large Cap Blend Equities | TNBMX vs PREIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TNBMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.19 | 0.16 | 0.08 | 89 | Financial Services |
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