Looking to diversify beyond TRDIX? The mutual funds below have the lowest correlation with TRDIX — 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 TRDIX.
Best Diversifiers for TRDIX
2 mutual funds have low correlation with TRDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.19, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.19 | 0.51 | 0.65 | 68 | Large Cap Value Equities | TRDIX vs LEXCX | |
| Transamerica High Yield Muni | 0.22 | 0.17 | 0.12 | 81 | High Yield Muni | TRDIX vs THYIX | |
| Buffalo Flexible Income Fund | 0.38 | 0.66 | 0.75 | 61 | Large Cap Value Equities | TRDIX vs BUFBX | |
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.56 | 0.68 | 86 | Large Cap Value Equities | TRDIX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.46 | 0.63 | 0.74 | 86 | Large Cap Value Equities | TRDIX vs YAFFX |
See all 36 diversifiers for TRDIX
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