Looking to diversify beyond TRXAX? The mutual funds below have historically moved differently from TRXAX, 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 TRXAX
3 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 0.19, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/CIFC Floating Rate Income Fund | 0.19 | 0.23 | 0.27 | 70 | Bank Loan | TRXAX vs CFRIX | |
| Catalyst Insider Income Fund | 0.30 | 0.30 | 0.42 | 91 | Short-Term Bond | TRXAX vs IIXIX | |
| LoCorr Macro Strategies Fund Class I | 0.30 | 0.09 | -0.04 | 79 | Global Allocation | TRXAX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.35 | 0.37 | 0.58 | 68 | Global Allocation | TRXAX vs MHESX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.36 | 0.21 | 0.29 | 90 | Multistrategy, Systematic Trend, Global Equities | TRXAX vs MBXIX |
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