Looking to diversify beyond TSEGX? The mutual funds below have historically moved differently from TSEGX, 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 TSEGX
3 mutual funds have low correlation with TSEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.10 | 0.00 | 0.04 | 99 | Ultrashort Bond | TSEGX vs TSDOX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.14 | 0.48 | 0.56 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | TSEGX vs GSIYX | |
| The Cook & Bynum Fund | 0.23 | 0.33 | 0.42 | 70 | Emerging Markets Equities | TSEGX vs COBYX | |
| Touchstone Large Cap Fund | 0.34 | 0.44 | 0.53 | 66 | Large Cap Blend Equities | TSEGX vs TLCIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.60 | 0.65 | 91 | Emerging Markets Equities | TSEGX vs ESCIX |
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