Looking to diversify beyond TRXAX? The mutual funds below have the lowest correlation with TRXAX — 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 TRXAX.
Best Diversifiers for TRXAX
1 mutual funds have low correlation with TRXAX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/CIFC Floating Rate Income Fund (CFRIX) (Bank Loan) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/CIFC Floating Rate Income Fund | 0.24 | 0.24 | 0.27 | 60 | Bank Loan | TRXAX vs CFRIX | |
| LoCorr Macro Strategies Fund Class I | 0.33 | 0.08 | -0.03 | 85 | Global Allocation | TRXAX vs LFMIX | |
| Catalyst Insider Income Fund | 0.36 | 0.32 | 0.43 | 83 | Short-Term Bond | TRXAX vs IIXIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.20 | 0.31 | 92 | Hedge Fund | TRXAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.39 | 0.20 | 0.31 | 91 | Macro Trading | TRXAX vs MBXAX |
See all 26 diversifiers for TRXAX
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