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Thornburg Strategic Income Fund (TSIIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks a high level of current income; some long-term capital appreciation is a secondary consideration. The fund pursues its investment goals by investing in a broad range of income-producing investments from throughout the world, primarily including debt obligations. The manager expects, under normal conditions, to invest a majority of its assets in the debt obligations. The fund may invest in debt obligations of any kind, of any quality, and of any maturity.

Looking to diversify beyond TSIIX? The mutual funds below have the lowest correlation with TSIIX — 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 TSIIX.

Best Diversifiers for TSIIX

9 mutual funds have low correlation with TSIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.05, down from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NWXEX
Nationwide Strategic Income A-0.050.180.15
99
Multisector BondsTSIIX vs NWXEX
CBRDX
CrossingBridge Responsible Credit Fund0.050.12—
58
Multisector BondsTSIIX vs CBRDX
NWXHX
Nationwide Amundi Strategic Income Fund0.050.220.16
99
Multisector BondsTSIIX vs NWXHX
THDIX
Thornburg Developing World Fund0.090.080.14
82
Emerging Markets DiversifiedTSIIX vs THDIX
CRMVX
Potomac Managed Volatility Fund0.160.420.27
55
Multisector BondsTSIIX vs CRMVX
See all 34 diversifiers for TSIIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TSIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSIIX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.14, roughly unchanged from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSLA
Tesla, Inc.0.140.120.13
59
Consumer Cyclical

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