Looking to diversify beyond TRSPX? The mutual funds below have the lowest correlation with TRSPX — 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 TRSPX.
Best Diversifiers for TRSPX
2 mutual funds have low correlation with TRSPX (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 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.17 | 0.12 | 0.12 | 61 | High Yield Muni | TRSPX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.21 | 0.11 | 0.11 | 62 | High Yield Muni | TRSPX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.40 | 0.34 | 0.36 | 76 | Preferred Stock/Convertible Bonds | TRSPX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.70 | 0.75 | 0.82 | 70 | Mid Cap Value Equities | TRSPX vs FASEX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.81 | 0.82 | 0.81 | 71 | Large Cap Growth Equities | TRSPX vs QQQX |
See all 32 diversifiers for TRSPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TRSPX
Add TRSPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TRSPX