Looking to diversify beyond TNMAX? The mutual funds below have historically moved differently from TNMAX, 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 TNMAX
12 mutual funds have low correlation with TNMAX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.13, roughly unchanged from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.13 | -0.13 | -0.20 | 90 | Multistrategy | TNMAX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.12 | -0.12 | -0.19 | 89 | Multistrategy | TNMAX vs QSPNX | |
| AQR Style Premia Alternative Fund - Class I | -0.11 | -0.12 | -0.19 | 90 | Multistrategy | TNMAX vs QSPIX | |
| GMO Alternative Allocation Fund | -0.11 | 0.09 | 0.15 | 89 | Multistrategy | TNMAX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.06 | 0.07 | 0.06 | 100 | Multistrategy | TNMAX vs SRRIX |
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