Looking to diversify beyond TSFIX? The mutual funds below have historically moved differently from TSFIX, 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 TSFIX
2 mutual funds have low correlation with TSFIX (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 0.20, up from 0.07 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 | 0.20 | 0.10 | 0.07 | 99 | Ultrashort Bond | TSFIX vs TSDOX | |
| Touchstone Core Municipal Bond Fund | 0.22 | 0.16 | 0.12 | 55 | Municipal Bonds | TSFIX vs TOHAX | |
| Touchstone High Yield Fund | 0.44 | 0.45 | 0.45 | 81 | High Yield Bonds | TSFIX vs THYAX | |
| Touchstone International Equity Fund | 0.47 | 0.54 | 0.61 | 94 | Foreign Large Cap Equities | TSFIX vs SWRLX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.48 | 0.55 | 0.62 | 74 | Foreign Small & Mid Cap Equities | TSFIX vs GICIX |
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