Looking to diversify beyond TSI? The mutual funds below have the lowest correlation with TSI — 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 TSI.
Best Diversifiers for TSI
19 mutual funds have low correlation with TSI (below 0.3), 0 of which are negatively correlated. The least correlated is Potomac Managed Volatility Fund (CRMVX) (Multisector Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Potomac Managed Volatility Fund | 0.03 | 0.20 | 0.08 | 55 | Multisector Bonds | TSI vs CRMVX | |
| Nationwide Amundi Strategic Income Fund | 0.05 | 0.14 | 0.08 | 99 | Multisector Bonds | TSI vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.05 | 0.08 | 0.09 | 58 | Multisector Bonds | TSI vs CBRDX | |
| Nationwide Strategic Income A | 0.08 | 0.10 | 0.07 | 99 | Multisector Bonds | TSI vs NWXEX | |
| Rational Special Situations Income Fund | 0.10 | 0.13 | 0.13 | 98 | Multisector Bonds | TSI vs RFXIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSI and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.03 | 0.04 | 63 | Communication Services | |
| Edison International | 0.06 | 0.14 | 0.12 | 90 | Utilities | |
| Evergy, Inc. | 0.07 | 0.12 | 0.08 | 85 | Utilities |
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