Looking to diversify beyond TNUIX? The mutual funds below have the lowest correlation with TNUIX — 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 TNUIX.
Best Diversifiers for TNUIX
4 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 0.14, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.14 | 0.28 | 0.32 | 98 | Intermediate Core-Plus Bond | TNUIX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.27 | 0.15 | 0.13 | 94 | Intermediate Core-Plus Bond | TNUIX vs LCTRX | |
| 1290 Multi-Alternative Strategies Fund | 0.28 | 0.27 | 0.22 | 82 | Multistrategy | TNUIX vs TNMIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.30 | 0.15 | 0.11 | 95 | Intermediate Core-Plus Bond | TNUIX vs LCTIX | |
| 1290 GAMCO Small/Mid Cap Value Fund | 0.32 | 0.27 | 0.20 | 78 | Small Cap Blend Equities | TNUIX vs TNVIX |
See all 13 diversifiers for TNUIX
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