Looking to diversify beyond TSIDX? The mutual funds below have historically moved differently from TSIDX, 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 TSIDX
9 mutual funds have low correlation with TSIDX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.07, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.07 | 0.09 | 0.19 | 84 | Short-Term Bond | TSIDX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.47 | 0.55 | 69 | Short-Term Bond | TSIDX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.06 | 0.33 | 100 | Short-Term Bond | TSIDX vs DFCFX | |
| GuidepathConservative Income Fund | 0.17 | 0.28 | 0.38 | 99 | Short-Term Bond | TSIDX vs GPICX | |
| T. Rowe Price Floating Rate Fund Class I | 0.21 | 0.26 | 0.27 | 72 | Bank Loan | TSIDX vs TFAIX |
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