Looking to diversify beyond TNSHX? The mutual funds below have historically moved differently from TNSHX, 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 TNSHX
10 mutual funds have low correlation with TNSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.13 | 0.13 | 0.17 | 84 | Short-Term Bond | TNSHX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.47 | 0.54 | 69 | Short-Term Bond | TNSHX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.16 | 0.03 | 0.37 | 100 | Short-Term Bond | TNSHX vs DFCFX | |
| TIAA-CREF Small-Cap Blend Index Fund | 0.20 | 0.10 | 0.08 | 79 | Small Cap Blend Equities | TNSHX vs TISBX | |
| TIAA-CREF S&P 500 Index Fund | 0.21 | 0.09 | 0.07 | 62 | Large Cap Blend Equities | TNSHX vs TISPX |
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