Looking to diversify beyond TSLTX? The mutual funds below have the lowest correlation with TSLTX — 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 TSLTX.
Best Diversifiers for TSLTX
4 mutual funds have low correlation with TSLTX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Intermediate Muni (TIMUX) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Intermediate Muni | 0.07 | 0.10 | 0.07 | 73 | Municipal Bonds | TSLTX vs TIMUX | |
| Transamerica High Yield Muni | 0.09 | 0.08 | 0.06 | 56 | High Yield Muni | TSLTX vs THYIX | |
| Transamerica Floating Rate Fund | 0.13 | 0.18 | 0.20 | 84 | Bank Loan | TSLTX vs TFLIX | |
| Transamerica Short-Term Bond Fund | 0.22 | 0.14 | 0.11 | 71 | Short-Term Bond | TSLTX vs ITAAX | |
| Transamerica Unconstrained Bond | 0.30 | 0.26 | 0.25 | 69 | Nontraditional Bonds | TSLTX vs TUNIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLTX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.38, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.38 | 0.39 | 0.43 | 55 | Consumer Cyclical |
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