Looking to diversify beyond TRDIX? The mutual funds below have historically moved differently from TRDIX, 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 TRDIX
3 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 0.18, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.18 | 0.50 | 0.64 | 93 | Large Cap Value Equities | TRDIX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.52 | 0.73 | 72 | Dividend, Large Cap Value Equities | TRDIX vs LEIFX | |
| Transamerica High Yield Muni | 0.23 | 0.17 | 0.12 | 89 | High Yield Muni | TRDIX vs THYIX | |
| Buffalo Flexible Income Fund | 0.37 | 0.65 | 0.75 | 87 | Large Cap Value Equities | TRDIX vs BUFBX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.38 | 0.55 | 0.67 | 93 | Dividend | TRDIX vs SVAAX |
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