Looking to diversify beyond TSMWX? The mutual funds below have historically moved differently from TSMWX, 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 TSMWX
0 mutual funds have low correlation with TSMWX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA International Vector Equity Portfolio (DFVQX) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.67, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA International Vector Equity Portfolio | 0.67 | 0.68 | 0.73 | 80 | Foreign Small & Mid Cap Equities | TSMWX vs DFVQX | |
| DFA International Small Company Portfolio | 0.68 | 0.68 | 0.73 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | TSMWX vs DFISX | |
| TIAA-CREF International Equity Index Fund Institut... | 0.71 | 0.70 | 0.74 | 69 | Foreign Large Cap Equities | TSMWX vs TCIEX | |
| Auer Growth Fund | 0.72 | 0.77 | 0.81 | 91 | Small Cap Blend Equities | TSMWX vs AUERX | |
| Hennessy Cornerstone Growth Fund | 0.75 | 0.85 | 0.84 | 53 | Small Cap Blend Equities | TSMWX vs HFCGX |
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