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
3 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 0.36 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 | 0.13 | 0.36 | 70 | Diversified Portfolio | TPDAX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.20 | 0.41 | 0.55 | 82 | Diversified Portfolio | TPDAX vs CAPAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.26 | 0.27 | 0.33 | 99 | Diversified Portfolio | TPDAX vs STDAX | |
| Virtus Diversified Income & Convertible Fund | 0.31 | 0.34 | 0.41 | 61 | Diversified Portfolio | TPDAX vs ACV | |
| Timothy Plan Large/Mid Cap Growth Fund | 0.32 | 0.37 | 0.48 | 57 | Large Cap Growth Equities | TPDAX vs TLGAX |
See all 286 diversifiers for TPDAX
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