Looking to diversify beyond TPDAX? The mutual funds below have historically moved differently from TPDAX, 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 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 0.03, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.10 | 0.35 | 68 | Diversified Portfolio | TPDAX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.23 | 0.24 | 0.32 | 99 | Diversified Portfolio | TPDAX vs STDAX | |
| Federated Hermes Capital Income Fund | 0.23 | 0.39 | 0.54 | 72 | Diversified Portfolio | TPDAX vs CAPAX | |
| Timothy Plan High Yield Bond Fund | 0.32 | 0.33 | 0.40 | 74 | High Yield Bonds | TPDAX vs TPHAX | |
| Virtus Diversified Income & Convertible Fund | 0.32 | 0.32 | 0.41 | 65 | Diversified Portfolio, Convertible Bonds | TPDAX vs ACV |
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