Looking to diversify beyond TRSPX? The mutual funds below have historically moved differently from TRSPX, 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 TRSPX
3 mutual funds have low correlation with TRSPX (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 0.21, down from 0.56 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 | 0.21 | 0.41 | 0.56 | 71 | REIT | TRSPX vs FARCX | |
| Nuveen High Yield Municipal Bond Fund | 0.24 | 0.13 | 0.13 | 85 | High Yield Muni | TRSPX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.25 | 0.11 | 0.12 | 88 | High Yield Muni | TRSPX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.48 | 0.36 | 0.37 | 69 | Preferred Stock | TRSPX vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.69 | 0.75 | 0.82 | 85 | Mid Cap Value Equities | TRSPX vs FASEX |
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