Looking to diversify beyond TNMIX? The mutual funds below have the lowest correlation with TNMIX — 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 TNMIX.
Best Diversifiers for TNMIX
14 mutual funds have low correlation with TNMIX (below 0.3), 6 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.23, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.23 | -0.18 | -0.18 | 86 | Multistrategy | TNMIX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | -0.16 | -0.17 | -0.14 | 93 | Multistrategy | TNMIX vs SRDAX | |
| AQR Style Premia Alternative R6 | -0.12 | -0.12 | -0.20 | 71 | Multistrategy | TNMIX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.12 | -0.12 | -0.20 | 70 | Multistrategy | TNMIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.11 | -0.12 | -0.20 | 67 | Multistrategy | TNMIX vs QSPNX |
See all 40 diversifiers for TNMIX
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