Looking to diversify beyond TNMIX? The mutual funds below have historically moved differently from TNMIX, 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 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 -0.22, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.22 | -0.18 | -0.18 | 93 | Multistrategy | TNMIX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | -0.15 | -0.15 | -0.13 | 92 | Multistrategy | TNMIX vs SRDAX | |
| AQR Style Premia Alternative R6 | -0.13 | -0.12 | -0.19 | 90 | Multistrategy | TNMIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.12 | -0.11 | -0.19 | 90 | Multistrategy | TNMIX vs QSPIX | |
| GMO Alternative Allocation Fund | -0.10 | 0.08 | 0.14 | 89 | Multistrategy | TNMIX vs GAAVX |
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