Looking to diversify beyond TPYAX? The mutual funds below have the lowest correlation with TPYAX — 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 TPYAX.
Best Diversifiers for TPYAX
1 mutual funds have low correlation with TPYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.12 | 0.04 | 0.03 | 98 | Ultrashort Bond | TPYAX vs TSDOX | |
| EuroPac International Dividend Income Fund Class A | 0.43 | 0.45 | 0.57 | 87 | Foreign Large Cap Equities, Dividend | TPYAX vs EPDPX | |
| PIMCO RAE PLUS International Fund | 0.43 | 0.42 | 0.53 | 81 | Foreign Large Cap Equities | TPYAX vs PTSIX | |
| EuroPac International Dividend Income Fund | 0.43 | 0.45 | 0.57 | 87 | Foreign Large Cap Equities | TPYAX vs EPDIX | |
| SA International Value Fund | 0.43 | 0.46 | 0.61 | 87 | Foreign Large Cap Equities | TPYAX vs SAHMX |
See all 19 diversifiers for TPYAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TPYAX
Add TPYAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TPYAX