Looking to diversify beyond TRIRX? The mutual funds below have the lowest correlation with TRIRX — 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 TRIRX.
Best Diversifiers for TRIRX
2 mutual funds have low correlation with TRIRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.12 | 0.08 | 0.10 | 61 | High Yield Muni | TRIRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.17 | 0.06 | 0.08 | 62 | High Yield Muni | TRIRX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.36 | 0.28 | 0.32 | 76 | Preferred Stock/Convertible Bonds | TRIRX vs NPSRX | |
| Emerald Insights Fund | 0.40 | 0.79 | 0.86 | 99 | Large Cap Growth Equities | TRIRX vs EFCNX | |
| Nuveen Mid Cap Value Fund | 0.50 | 0.55 | 0.66 | 70 | Mid Cap Value Equities | TRIRX vs FASEX |
See all 32 diversifiers for TRIRX
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