Looking to diversify beyond TPDAX? The mutual funds below have the lowest correlation with TPDAX — 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 TPDAX.
Best Diversifiers for TPDAX
8 mutual funds have low correlation with TPDAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.37 | 63 | Diversified Portfolio | TPDAX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.17 | 0.40 | 0.55 | 85 | Diversified Portfolio | TPDAX vs CAPAX | |
| Value Line Capital Appreciation Fund, Inc. | 0.22 | 0.35 | 0.44 | 52 | Diversified Portfolio | TPDAX vs VALIX | |
| T. Rowe Price Capital Appreciation Fund | 0.23 | 0.40 | 0.50 | 51 | Diversified Portfolio | TPDAX vs PRWCX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.25 | 0.27 | 0.34 | 99 | Diversified Portfolio | TPDAX vs STDAX |
See all 307 diversifiers for TPDAX
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