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
1 mutual funds have low correlation with TRDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.22, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.22 | 0.17 | 0.12 | 67 | High Yield Muni | TRDIX vs THYIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.57 | 0.68 | 78 | Large Cap Value Equities | TRDIX vs SVAIX | |
| Transamerica Emerging Markets Debt Fund | 0.51 | 0.41 | 0.41 | 88 | Emerging Markets Bonds | TRDIX vs EMTIX | |
| Hennessy Cornerstone Value Fund | 0.55 | 0.71 | 0.77 | 81 | Large Cap Value Equities | TRDIX vs HFCVX | |
| Torray Fund | 0.73 | 0.84 | 0.88 | 64 | Large Cap Value Equities | TRDIX vs TORYX |
See all 30 diversifiers for TRDIX
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