Looking to diversify beyond TSNIX? The mutual funds below have the lowest correlation with TSNIX — 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 TSNIX.
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 ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.36, down from 0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.36 | 0.53 | — | 99 | Technology Equities | TSNIX vs ARKVX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.38 | 0.43 | 0.50 | 81 | Large Cap Value Equities, Dividend | TSNIX vs VHYAX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.43 | 0.56 | 0.64 | 61 | Large Cap Blend Equities, Dividend | TSNIX vs PRDGX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.44 | 0.53 | 0.67 | 70 | Technology Equities | TSNIX vs GTTIX | |
| T. Rowe Price Capital Appreciation Fund | 0.62 | 0.71 | 0.77 | 54 | Diversified Portfolio | TSNIX vs PRWCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSNIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSNIX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | -0.16 | 0.01 | 83 | Consumer Defensive | |
| Merck & Co., Inc. | -0.12 | -0.07 | -0.03 | 91 | Healthcare | |
| General Electric Company | 0.32 | 0.42 | 0.46 | 78 | Industrials | |
| GE Vernova Inc. | 0.55 | — | — | 89 | Industrials |
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