Looking to diversify beyond TNXIX? The mutual funds below have historically moved differently from TNXIX, 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 TNXIX
0 mutual funds have low correlation with TNXIX (below 0.3), 0 of which are negatively correlated. The least correlated is 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) (Small Cap Blend Equities) with a 1Y correlation of 0.54, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 1290 GAMCO Small/Mid Cap Value Fund | 0.54 | 0.59 | 0.71 | 78 | Small Cap Blend Equities | TNXIX vs TNVIX | |
| 1290 Multi-Alternative Strategies Fund | 0.54 | 0.62 | 0.71 | 86 | Multistrategy | TNXIX vs TNMIX | |
| 1290 High Yield Bond Fund | 0.56 | 0.44 | 0.45 | 65 | High Yield Bonds | TNXIX vs TNHIX | |
| 1290 Loomis Sayles Multi-Asset Income Fund Class A | 0.63 | 0.67 | 0.77 | 61 | Diversified Portfolio | TNXIX vs TNXAX | |
| 1290 DoubleLine Dynamic Allocation Fund | 0.64 | 0.68 | 0.78 | 63 | Diversified Portfolio | TNXIX vs TNVDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TNXIX
Add TNXIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TNXIX