Looking to diversify beyond TSNIX? The mutual funds below have historically moved differently from TSNIX, 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 TSNIX
0 mutual funds have low correlation with TSNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) (Large Cap Value Equities) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.39 | 0.43 | 0.50 | 88 | Large Cap Value Equities, Dividend | TSNIX vs VHYAX | |
| ARK Venture Fund | 0.39 | 0.53 | — | 99 | Technology Equities | TSNIX vs ARKVX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.43 | 0.55 | 0.64 | 77 | Large Cap Blend Equities, Dividend | TSNIX vs PRDGX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.47 | 0.53 | 0.67 | 58 | Technology Equities | TSNIX vs GTTIX | |
| Fidelity International Index Fund | 0.58 | 0.54 | 0.62 | 70 | Foreign Large Cap Equities | TSNIX vs FSPSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSNIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.17 | 0.00 | 90 | Consumer Defensive | |
| Merck & Co., Inc. | -0.13 | -0.08 | -0.04 | 96 | Healthcare | |
| General Electric Company | 0.32 | 0.42 | 0.46 | 74 | Industrials | |
| GE Vernova Inc. | 0.56 | — | — | 76 | Industrials |
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