Looking to diversify beyond TRIRX? The mutual funds below have historically moved differently from TRIRX, 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 TRIRX
3 mutual funds have low correlation with TRIRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.03, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.03 | 0.23 | 0.42 | 72 | REIT | TRIRX vs FARCX | |
| Nuveen High Yield Municipal Bond Fund | 0.18 | 0.08 | 0.11 | 89 | High Yield Muni | TRIRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.21 | 0.07 | 0.09 | 91 | High Yield Muni | TRIRX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.42 | 0.29 | 0.33 | 73 | Preferred Stock | TRIRX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.49 | 0.55 | 0.66 | 84 | Mid Cap Value Equities | TRIRX vs FASEX |
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