Looking to diversify beyond TOWFX? The mutual funds below have historically moved differently from TOWFX, 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 TOWFX
4 mutual funds have low correlation with TOWFX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.23, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.23 | 0.50 | 0.64 | 94 | Large Cap Value Equities | TOWFX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.25 | 0.57 | 0.72 | 91 | Large Cap Value Equities | TOWFX vs YAFFX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.52 | 0.73 | 68 | Dividend, Large Cap Value Equities | TOWFX vs LEIFX | |
| GQG Partners US Quality Dividend Income Fund | 0.27 | 0.54 | 0.66 | 58 | Quality Factor, Large Cap Value Equities | TOWFX vs GQHPX | |
| AMG Yacktman Fund | 0.46 | 0.69 | 0.80 | 92 | Large Cap Value Equities | TOWFX vs YACKX |
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