Looking to diversify beyond TNMAX? The mutual funds below have the lowest correlation with TNMAX — 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 TNMAX.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.13 | -0.14 | -0.20 | 71 | Multistrategy | TNMAX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.13 | -0.14 | -0.20 | 70 | Multistrategy | TNMAX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.11 | -0.13 | -0.20 | 67 | Multistrategy | TNMAX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.04 | 0.10 | 0.16 | 65 | Multistrategy | TNMAX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.05 | 0.08 | 0.06 | 100 | Multistrategy | TNMAX vs SRRIX |
See all 23 diversifiers for TNMAX
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