Looking to diversify beyond TSTFX? The mutual funds below have historically moved differently from TSTFX, 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 TSTFX
2 mutual funds have low correlation with TSTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Transamerica High Yield Muni (THYIX) (High Yield Muni) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Transamerica High Yield Muni | 0.24 | 0.15 | 0.13 | 89 | High Yield Muni | TSTFX vs THYIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.20 | 0.16 | 97 | Large Cap Blend Equities | TSTFX vs SVPFX | |
| Rock Oak Core Growth Fund | 0.46 | 0.59 | 0.74 | 89 | Large Cap Blend Equities | TSTFX vs RCKSX | |
| Transamerica Small/Mid Cap Value Fund | 0.46 | 0.56 | 0.70 | 76 | Mid Cap Value Equities | TSTFX vs IIVAX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.37 | 0.41 | 59 | Preferred Stock | TSTFX vs ORDNX |
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