Looking to diversify beyond TSDLX? The mutual funds below have historically moved differently from TSDLX, 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 TSDLX
10 mutual funds have low correlation with TSDLX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.02 | 0.10 | 0.19 | 84 | Short-Term Bond | TSDLX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.09 | 0.05 | 0.31 | 100 | Short-Term Bond | TSDLX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.47 | 0.55 | 69 | Short-Term Bond | TSDLX vs GPARX | |
| MFS Value Fund Class I | 0.23 | 0.13 | 0.13 | 69 | Large Cap Value Equities | TSDLX vs MEIIX | |
| GuidepathConservative Income Fund | 0.25 | 0.31 | 0.39 | 99 | Short-Term Bond | TSDLX vs GPICX |
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