Looking to diversify beyond TNUIX? The mutual funds below have historically moved differently from TNUIX, 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 TNUIX
2 mutual funds have low correlation with TNUIX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.15, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.15 | 0.26 | 0.33 | 99 | Intermediate Core-Plus Bond | TNUIX vs HOBIX | |
| 1290 Multi-Alternative Strategies Fund | 0.25 | 0.24 | 0.22 | 86 | Multistrategy | TNUIX vs TNMIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.31 | 0.17 | 0.12 | 92 | Intermediate Core-Plus Bond | TNUIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.32 | 0.18 | 0.13 | 89 | Intermediate Core-Plus Bond | TNUIX vs LCTRX | |
| AAMA Income Fund | 0.34 | 0.65 | 0.69 | 81 | Intermediate Core-Plus Bond | TNUIX vs AMFIX |
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