Looking to diversify beyond TOTTX? The mutual funds below have historically moved differently from TOTTX, 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 TOTTX
1 mutual funds have low correlation with TOTTX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.22, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.22 | 0.16 | 0.10 | 89 | High Yield Muni | TOTTX vs THYIX | |
| Transamerica Emerging Markets Debt Fund | 0.31 | 0.35 | 0.37 | 88 | Emerging Markets Bonds | TOTTX vs EMTIX | |
| Invesco Value Opportunities Fund | 0.36 | 0.59 | 0.74 | 74 | Mid Cap Value Equities | TOTTX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.37 | 0.60 | 0.74 | 74 | Mid Cap Value Equities | TOTTX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.38 | 0.60 | 0.74 | 72 | Mid Cap Value Equities | TOTTX vs UMCVX |
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