Looking to diversify beyond TNXAX? The mutual funds below have the lowest correlation with TNXAX — 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 TNXAX.
Best Diversifiers for TNXAX
2 mutual funds have low correlation with TNXAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.03 | 0.11 | 0.17 | 60 | Diversified Portfolio | TNXAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.11 | 0.18 | 0.48 | 67 | Diversified Portfolio | TNXAX vs MHELX | |
| Concorde Wealth Management Fund | 0.45 | 0.60 | 0.67 | 73 | Diversified Portfolio | TNXAX vs CONWX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.45 | 0.45 | 0.49 | 99 | Diversified Portfolio | TNXAX vs STDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.53 | 0.61 | 0.62 | 91 | Diversified Portfolio | TNXAX vs FIQDX |
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