Looking to diversify beyond TSHIX? The mutual funds below have the lowest correlation with TSHIX — 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 TSHIX.
Best Diversifiers for TSHIX
2 mutual funds have low correlation with TSHIX (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 0.09, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.21 | 0.52 | 64 | Diversified Portfolio | TSHIX vs MHELX | |
| Transamerica High Yield Muni | 0.22 | 0.22 | 0.18 | 62 | High Yield Muni | TSHIX vs THYIX | |
| Fidelity Strategic Real Return Fund | 0.31 | 0.54 | 0.62 | 96 | Diversified Portfolio | TSHIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.53 | 0.61 | 96 | Diversified Portfolio | TSHIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.53 | 0.61 | 95 | Diversified Portfolio | TSHIX vs FCSRX |
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