Looking to diversify beyond TSLTX? The mutual funds below have historically moved differently from TSLTX, 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 TSLTX
5 mutual funds have low correlation with TSLTX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica Energy Infrastructure (TMLPX) (Infrastructure Equities) with a 1Y correlation of 0.12, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica Energy Infrastructure | 0.12 | 0.38 | 0.56 | 78 | Infrastructure Equities, Energy Equities | TSLTX vs TMLPX | |
| Transamerica Intermediate Muni | 0.13 | 0.10 | 0.08 | 70 | Municipal Bonds | TSLTX vs TIMUX | |
| Transamerica Floating Rate Fund | 0.15 | 0.18 | 0.20 | 80 | Bank Loan | TSLTX vs TFLIX | |
| Transamerica High Yield Muni | 0.16 | 0.10 | 0.07 | 82 | High Yield Muni | TSLTX vs THYIX | |
| Transamerica Short-Term Bond Fund | 0.28 | 0.15 | 0.12 | 73 | Short-Term Bond | TSLTX vs ITAAX |
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