Looking to diversify beyond TPLGX? The mutual funds below have the lowest correlation with TPLGX — 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 TPLGX.
Best Diversifiers for TPLGX
1 mutual funds have low correlation with TPLGX (below 0.3), 0 of which are negatively correlated. The least correlated is The Covered Bridge Fund (TCBIX) (Derivative Income) with a 1Y correlation of 0.20, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Covered Bridge Fund | 0.20 | 0.25 | 0.46 | 70 | Derivative Income | TPLGX vs TCBIX | |
| Tributary Small Company Fund | 0.40 | 0.48 | 0.61 | 50 | Small Cap Blend Equities | TPLGX vs FOSCX | |
| Baron Partners Fund | 0.50 | 0.58 | 0.68 | 57 | Large Cap Growth Equities | TPLGX vs BPTRX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.51 | 0.61 | 0.72 | 68 | Large Cap Blend Equities, Dividend | TPLGX vs PRDGX | |
| ICON Equity Fund | 0.52 | 0.51 | 0.64 | 78 | Large Cap Growth Equities | TPLGX vs IOLZX |
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