Looking to diversify beyond TSHFX? The mutual funds below have the lowest correlation with TSHFX — 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 TSHFX.
Best Diversifiers for TSHFX
0 mutual funds have low correlation with TSHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.33, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.33 | 0.33 | 0.39 | 98 | Intermediate Core-Plus Bond | TSHFX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.39 | 0.23 | 0.18 | 90 | Intermediate Core-Plus Bond | TSHFX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.40 | 0.21 | 0.16 | 92 | Intermediate Core-Plus Bond | TSHFX vs LCTIX | |
| Transamerica High Yield Muni | 0.46 | 0.53 | 0.51 | 62 | High Yield Muni | TSHFX vs THYIX | |
| Transamerica Small Cap Value | 0.52 | 0.49 | 0.44 | 86 | Small Cap Value Equities | TSHFX vs TSLTX |
See all 14 diversifiers for TSHFX
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