Looking to diversify beyond TNXIX? The mutual funds below have the lowest correlation with TNXIX — 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 TNXIX.
Best Diversifiers for TNXIX
0 mutual funds have low correlation with TNXIX (below 0.3), 0 of which are negatively correlated. The least correlated is 1290 Multi-Alternative Strategies Fund (TNMIX) (Multistrategy) with a 1Y correlation of 0.53, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 1290 Multi-Alternative Strategies Fund | 0.53 | 0.63 | 0.71 | 82 | Multistrategy | TNXIX vs TNMIX | |
| 1290 GAMCO Small/Mid Cap Value Fund | 0.54 | 0.60 | 0.71 | 78 | Small Cap Blend Equities | TNXIX vs TNVIX | |
| 1290 High Yield Bond Fund | 0.55 | 0.44 | 0.45 | 64 | High Yield Bonds | TNXIX vs TNHIX | |
| 1290 Loomis Sayles Multi-Asset Income Fund Class A | 0.64 | 0.68 | 0.78 | 60 | Diversified Portfolio | TNXIX vs TNXAX | |
| MFS Lifetime 2025 Fund | 0.65 | 0.67 | 0.77 | 61 | Target Retirement Date | TNXIX vs LTTIX |
See all 57 diversifiers for TNXIX
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