Looking to diversify beyond TSIMX? The mutual funds below have the lowest correlation with TSIMX — 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 TSIMX.
Best Diversifiers for TSIMX
1 mutual funds have low correlation with TSIMX (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 0.07, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.51 | 64 | Diversified Portfolio | TSIMX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.57 | 0.63 | 96 | Diversified Portfolio | TSIMX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.63 | 96 | Diversified Portfolio | TSIMX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.63 | 95 | Diversified Portfolio | TSIMX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.58 | 0.63 | 96 | Diversified Portfolio | TSIMX vs FSRRX |
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