Looking to diversify beyond TSAIX? The mutual funds below have the lowest correlation with TSAIX — 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 TSAIX.
Best Diversifiers for TSAIX
1 mutual funds have low correlation with TSAIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.51 | 70 | Diversified Portfolio | TSAIX vs MHELX | |
| Hennessy Balanced Fund | 0.30 | 0.47 | 0.58 | 66 | Diversified Portfolio | TSAIX vs HBFBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.53 | 0.60 | 82 | Diversified Portfolio | TSAIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.53 | 0.60 | 86 | Diversified Portfolio | TSAIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.52 | 0.60 | 88 | Diversified Portfolio | TSAIX vs FIQDX |
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