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
9 mutual funds have low correlation with TNMAX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.02 | 0.12 | 0.17 | 66 | Multistrategy | TNMAX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.03 | 0.08 | 0.06 | 100 | Multistrategy | TNMAX vs SRRIX | |
| FS Credit Income Fund Class I | 0.12 | 0.31 | 0.42 | 97 | Multistrategy | TNMAX vs FCRIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.13 | 0.08 | 0.05 | 98 | Multistrategy | TNMAX vs SHRIX | |
| AQR Diversified Arbitrage Fund Class N | 0.14 | 0.27 | 0.46 | 99 | Multistrategy | TNMAX vs ADANX |
See all 19 diversifiers for TNMAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TNMAX
Add TNMAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TNMAX